Investment Firm CEO: U.S. Housing Market Seeing ‘Meaningful’ Damage That’s ‘Not Normal’

Published by FOX Business | February 1, 2023 The U.S. housing market is in for a rough year, according to the CEO of one private equity investment firm. The 30-year fixed mortgage rate dipped for the fourth week in a row to 6.19% this week from 6.23% last week. A year ago, the average rate …

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White House Using One-Size-Fits-All Plan to Protect Renters at Landlords’ Expense

Published by FOX Business | January 25, 2023 The Biden Administration recently announced new actions to ‘protect renters and promote rental affordability’ The White House announced it is taking strategic steps to protect renters, including setting up limits on egregious rate hikes. Critics, however, have called out the Biden administration’s one-size-fits-all program that makes changes …

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Goldman Sachs: These 4 Cities Will Suffer a 2008 Crash in Home Values

Published by The New York Post | January 24, 2023 As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through 2023. In a note to clients earlier this month, Goldman Sachs forecasted that four American cities in particular …

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Poll: 1 in 4 Millennials Say Parents Cover Their Rent

Published by Breitbart News | January 27, 2023 Roughly a quarter of millennials say their parents cover their rent, and 35 percent of U.S. adults say their parents still pay for at least one of their bills, a new poll found.  The New York Post reported on the survey Friday, which was conducted with 2,000 Americans by OnePoll …

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Why The Renters Bill Of Rights Won’t Help Much

Published by Forbes.com | January 25, 2023 A set of principles may be good in concept, but they don’t come close to addressing the big problems of skyrocketed rents or the imbalance of power between landlords and tenants. The Biden administration released its promised game plan to “protect renters and promote rental affordability.” The accompanying White House Blueprint …

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New York Legislature Gives Lenders A New Way To Screw Up Foreclosures

Published by Forbes.com | January 16, 2023 In an attempt to correct perceived abuses, the NY legislature may have made the foreclosure process even worse. Between Christmas and New Year’s Day of 2022, New York’s Governor signed legislation designed to correct an alleged potential for “abuse” of the foreclosure process by mortgage lenders. The context …

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Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers?

Published by Forbes.com | January 11, 2023 While not exiting it entirely, they’ll be focusing on only providing mortgages to their existing customers, and those in minority communities. One of the three biggest mortgage lenders (and once holding the number one spot) in the United States, Wells Fargo, is stepping back from the mortgage market. …

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Texas, Florida, Carolinas Among Most Moved To States in 2022

Published by FOX Business | January 14, 2023 Moving companies say some hot spots are Texas, Florida, and the Carolinas. It’s a trend that’s continued since the pandemic; many Americans are moving to a different state. Moving companies say some hot spots are Texas, Florida, and the Carolinas. One moving company says retiring Baby Boomers are …

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Home Price Growth Is Cooling Fast—Does It Spell a Big Break for Homebuyers This Year?

Published by REALTOR.com | January 12, 2023 December brought good tidings to homebuyers in the real estate market. Nationally, median home list prices dropped about 11% from their peak over the summer to hit $400,000 in December, according to a recent Realtor.com® report. While prices were still up by about 8.4% year over year in December, …

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