U.S. Housing Market
Hits and Misses for the Real Estate Week of Dec. 1-5
A residential property tax hike in Boston, an investigation into Bill Pulte, and a surprise squatter in a California homeowner’s residence. Continue Reading Hits and Misses for the Real Estate Week of Dec. 1-5
United Wholesale Mortgage’s Ishbia: Trump and Pulte ‘Care About the Housing Market’
“They’re thinking about things that we’ve all talked about in our industry,” he said. Continue Reading United Wholesale Mortgage’s Ishbia: Trump and Pulte ‘Care About the Housing Market’
Mortgage Application Activity Up 9.4%
The Refinance Index increased 9% from the previous week and was 56% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 9.4%
FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
The FTC will send checks and PayPal payments to 960 affected consumers. Continue Reading FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
Capital One to Close Discover’s Home Equity Lending Business
The company said it “will continue to process applications that are in progress.” Continue Reading Capital One to Close Discover’s Home Equity Lending Business
10 Reasons Why Austin, Texas Is The Hottest Real Estate Market In The United States Right Now
Source: Times Square Chronicles --- Austin, Texas is one of the fastest growing cities in the United States. With more people flocking to Texas from many parts of the country, the city’s real estate market is amongst the hottest in the country right now. We’ll take a...
As mortgage rates hit 20 year high, Tampa Bay housing market braces for a cool down
Source: Tampa Bay Times --- A home-buying frenzy triggered by historically low mortgage rates helped elevate Tampa Bay from a hidden gem to a real estate hot spot over the past two years. But now that rates have shot back up, experts say buyers are finally hitting the...
Opinion: Solving the housing affordability issue
Source: Real Trends --- In a recent chat with two PropTech executives concerned about rising house prices, an interesting linguistic distinction was the focus of our discussion. The two words were affordable and affordability. In the housing market, the first has a...
U.S. Home Price Insights – November 2022
Source: CoreLogic --- Through September 2022 with Forecasts through September 2023 Introduction The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through September 2022 with forecasts through September...
Why it may be time to buy into the slumping real estate market
Source: Yahoo! News --- As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here's the big question: Is it now time to invest in residential real estate? “For investors like us (it) is an opportunity, actually, to scoop up...
As House Prices Start To Moderate, How Bad Could It Get?
Source: Forbes --- There is no shortage of pessimism in the housing market today. U.S. house prices have declined since June. However, prices are generally up year-on-year, and the market is seasonal with prices and activity typically higher in the summer and lower in...
How the U.S. Housing Market Became Such a Dumpster Fire
Source: The Ringer --- Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate? Today is a very special...
Mortgage Rates Rise Beyond 7% Barrier
Source: U.S. News --- Mortgage rates surged above the 7% threshold for the 30-year fixed mortgage term this week, according to Freddie Mac. This is the first time that average rates have entered 7% territory since early 2002. Interest rates also rose for the 15-year...
Why Mortgage Rates Could Hold Steady After the Federal Reserve’s 0.75% Rate Hike
Source: Time --- The Federal Reserve once again hiked its benchmark interest rate this week, a fourth consecutive increase of 75 basis points. What does that mean for mortgage rates, which are already above 7% for the first time in 20 years? Maybe not much. “What’s...
The Housing Market is Fragile: Downside as Real Estate Prices Fall
Source: Speculators Anonymous --- Many longtime readers know that I’ve been very critical of the housing market after the massive boom in real estate prices post-COVID. And as we learned from the underrated Austrian economist – Ludwig Von Mises – the bigger the...
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