W. J. Mencarow

Waiting For Mortgage Rates to Fall? Why Experts Say it Won’t Make a Difference

Published by FOX Business | August 19, 2024 Lower borrowing rates will only make housing more affordable for a 3- to 6-month period Potential U.S. home buyers and sellers have kept a sharp eye on mortgage rates, which have contributed to the affordability crisis in the market. Today, mortgage rates are more than double what …

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Harris Proposes $25,000 Down Payment Assistance For First-Time Homebuyers

Published by FOX Business | August 16, 2024 Some experts say the Democratic presidential nominee’s plan would only make the affordable housing crisis worse, while others say they like the idea on its surface Vice President Kamala Harris has rolled out a list of actions she would take to tackle the affordable housing crisis in …

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Midyear Real Estate Forecast Reveals Major Change for Homebuyers

Published by REALTOR | August 14, 2024 The next six months should bring some welcome relief to homebuyers and sellers in the form of lower mortgage rates, according to the Realtor.com® midyear housing forecast for 2024. So far, 2024 has been a tough year for the housing market with high mortgage rates, stubborn home prices, …

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Vance Backs Trump on President Influencing Federal Reserve Decisions

Published by Fox Business | August 11, 2024 Vance’s remarks come after former President Trump said the president should ‘have at least [a] say’ over Fed policy moves Former President Trump’s vice presidential nominee Sen. JD Vance, R-Ohio, said on Sunday that he backs Trump’s call for presidents to have a say in the Federal …

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How To Ensure A Smooth Closing Process When Selling Property

Published by Forbes.com | August 10, 2024 When selling commercial property, learn the steps to take to ensure a smooth closing process which includes finalizing negotiations and signing contracts. If you’re selling commercial property, you’ll want to be ready for the contract and closing process. This involves working with the right team and gathering the …

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Democratic VP Pick Tim Walz’s Record on Housing Issues

Published by REALTOR.com | August 6, 2024 Tim Walz could bolster Democratic ticket’s credentials on housing Democratic presidential nominee Kamala Harris on Tuesday announced her selection of Minnesota Gov. Tim Walz as her running mate for the November election. Walz has pushed a number of affordable housing initiatives during his two terms as Minnesota’s governor. …

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Is Cashing Out Investments a Smart Way To Buy a Home?

Published by REALTOR.com | August 5, 2024 With interest hovering around 7%, people are looking for low- or no-interest ways to pay for a home and choosing to liquidate their investment funds instead. Most people think buying a home automatically involves taking on a 30-year mortgage. But these days, homebuyers are increasingly opting for an …

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Home Valuations Are Rising Faster Than Incomes. Here’s Why That Could Hurt Homeowners’ Wallets

Published by CNBC | August 2, 2024 More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” according to a 2023 analysis by the Chamber of Commerce. Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for …

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The States With the Highest Number of Assumable Mortgages—and How To Get One

Published by REALTOR.com | July 31, 2024 Would-be homebuyers are getting increasingly savvy when it comes to buying a house as mortgage rates continue to hover around 7%. One way is through home loan assumption—which means the buyer takes over the house’s original mortgage (and interest rate) upon purchase. But, the loan can be assumable …

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