W. J. Mencarow | Paper Source Online

An Inside Look At Three Of The Hottest Suburban Markets In The U.S. Right Now

Published by Forbes.com | October 15, 2022 The mass exodus from cities inspired by the pandemic may be over, but suburban markets are still hot. With many people working remotely, the suburbs continue to be a more comfortable and affordable option without sacrificing access to the city, albeit with a bit of a longer drive or train …

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30-Year Mortgage Rates Increase to 6.92% — Highest Since 2002

Interest Rates, Mortgages / By W. J. Mencarow

Published by Breitbart News | October 13, 2022 The 30-year fixed mortgage rate rose to 6.92 percent on Thursday, the highest rate in over 20 years. According to data from Freddie Mac, after the 30-year-mortgage fixed mortgage rate declined by 0.04 percent from 6.7 percent on September 29 to 6.66 percent a week ago, it has since …

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How To Invest In Real Estate When The Bubble Deflates

Uncategorized / By W. J. Mencarow

Published by Forbes.com | October 12, 2022 Softening markets are a time of opportunity. Amid mounting evidence that the rapid rise in home prices is over, investors in rental property will have more options over the next few years as sellers outnumber buyers and prices deflate – slowly in most markets but very rapidly in …

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Expert: Transforming Vacant Office Buildings Into Apartments Presents A Solution To Housing Crisis

Rental Property / By W. J. Mencarow

Published by FOX Business | October 6, 2022 Big cities face rising number of vacant, for-sale office buildings While many workplaces shifted to a remote setting during the pandemic, some businesses never fully returned to in-person models – creating a surging number of vacant, big city office buildings. But the empty spaces are providing a …

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The 10 States Where Renters Are Most Behind On Payments

Economy, Rental Property / By W. J. Mencarow

Published by CNBC | October 7, 2022 Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households, around 6 million, are behind on rent this fall, according to a recent report from MyEListing.com, a commercial real estate website. South …

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FHA Moves to Include On-Time Rental Payments for First-Time Buyers

Mortgages, Rental Property / By W. J. Mencarow

Published by REALTOR Magazine | September 28, 2022 “If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. The Federal Housing Administration published a letter to lenders urging them to consider including a borrower’s positive rental payment history when applying …

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Construction Spending Falls For Third Straight Month

Economy / By W. J. Mencarow

Published by Breitbart News | October 3, 2022 Construction spending in the U.S. fell in August for the third straight month as the housing market dips deeper into a recession. Total construction spending dropped by seven-tenths of a percentage point compared with the prior month, data from the Commerce Department showed Monday. That followed a …

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Mortgage Rates Surge to 6.7% — More than Double Since Last Year

Interest Rates, Mortgages / By W. J. Mencarow

Published by Breitbart News | September 29, 2022 The 30-year fixed mortgage rate surged to 6.7 percent on Thursday, more than double what it was a year ago. According to data from Freddie Mac, the 30-year fixed mortgage rate jumped by 0.41 percent from a week ago. A year ago, the rate was at 3.01 percent. It is …

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U.S. Home Prices Fall For First Time Since 2012, Largest Ever Deceleration

Economy / By W. J. Mencarow

Published by Breitbart | September 27, 2022 Home prices fell in July compared with the previous month, according to the S&P CoreLogic Case-Shiller Index. This is the first national decline since 2012. Before seasonal adjustment, the U.S. National Index fell 0.3 percent month-over-month decrease in July, while the 10-City and 20-City composites both posted decreases of …

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Rent On The Rise: U.S. Markets Where Prices Rose Fastest In August

Economy, Rental Property / By W. J. Mencarow

Published by FOX Business | September 24, 2022 Cincinnati saw the biggest jump among the 50 most populous metros Renters are facing higher costs as lease prices reached record highs in August. The national median asking rent climbed 11% year-over-year, though some areas saw increases more than double that. For instance, asking rents in Cincinnati, Ohio, …

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