Published by REALTOR.com | December 19, 2022 Rising borrowing costs have dramatically increased the cost of buying a home this year, reviving interest in mortgage products like temporary buydowns that fell out of favor after the 2008 financial crisis. Carley Chase found her dream home in Chandler, Ariz., this summer: a three-bedroom ranch, close to work, with a …
Published by FOX Business | December 15, 2022 The 30-year fixed-rate mortgage (FRM) averaged 6.31% The average long-term U.S. mortgage rate declined for the fifth straight week, even as the Federal Reserve just raised its key borrowing rate for the seventh time this year and signaled there were more to come in 2023. The 30-year fixed-rate …
Published by WJTV News | December 10, 2022 The findings reflect a real estate market that has seen home prices cool in recent months amid a period of rapidly rising mortgage rates. More than 250,000 borrowers who purchased homes this year now owe more than their house is worth today, according to a new analysis. …
Study: More Than 250K Homebuyers in 2022 are Underwater on Mortgages Read More »
Published by Forbes.com | December 7, 2022 Wichita, the largest metro in Kansas, landed the top spot largely because of its relative affordability. As the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels amid a changing market, a new Zillow analysis rates Wichita, Kansas as the top area in America for potential …
Zillow Names The 10 Best Metros For First-Time Home Buyers In 2023 Read More »
Published by Forbes.com | December 6, 2022 If you’re still paying off your mortgage, renting is likely cheaper than owning. A new study by LendingTree found that renting is usually cheaper than owning a home, but not always. To look at how the cost of renting a home differs from owning one, the online loan …
Renting Is Usually Cheaper Than Owning, But Not Always Read More »
Written by Tod Snodgrass With prices falling all over the country, due to higher interest rates, the current recession and COVID overhang, Real Estate Investors (REIers), need to be up to speed with both the risks and benefits of undertaking new investments in general, and the financing of those properties in particular; specifically, why creative …
Published by Independent Sentinel | December 2, 2022 Evidence is mounting that the current housing downturn is growing more severe by the day. U.S. home prices are plunging at their most significant clip since the housing market cratered during the Great Recession, mortgage analytics firm Black Knight said in a report released in August. According to …
Pending U.S. Home Sales Drop 37%, Largest Decline On Record Read More »
Published by FOX Business | December 1, 2022 Homebuyers are looking to relocate from two expensive California cities more than any other major metro in the U.S. A new Redfin report found buyers were looking to leave San Francisco and Los Angeles, with 24% and 20% of local users searching elsewhere, respectively. “Homebuyers typically leave expensive coastal …
Report: Dem-run Cities Top List of Places Homebuyers Want to Leave Read More »
Published by Forbes.com | November 30, 2022 Data suggest mortgage rates may not be as volatile in the last month of the year. The latest data from the Mortgage Bankers Association released this morning shows mortgage applications still continue to decrease from the highs they saw a year ago, but several economic signs suggest interest …
MBA Predicts Mortgage Rates To Stay Near 6.7% Through End Of Year Read More »
Published by Forbes.com | November 28, 2022 Places where home prices shot up due to out-of-towners moving in with big budgets are now seeing prices rapidly decline. Home-price growth has slowed fastest in pandemic boomtowns including Phoenix, Austin, Texas and Boise, Idaho as high mortgage rates and an uncertain economy deter would-be buyers. This is …
Home Prices Plunge In Pandemic Boomtowns As The Market Slumps Read More »
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