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Housing Agency Reports Record Financial Cushion as it Braces for Market Downturn

Published by FOX Business | November 15, 2022 FHA’s capital reserves rise to $141.7 billion, up $42 billion from 2021, giving officials room to trim mortgage costs A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn. The audit, released …

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Just How Low Will Home Prices Go This Year?

Economy, Interest Rates, Mortgages / By W. J. Mencarow

Published by REALTOR.com | November 11, 2022 All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march. While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week, that figure climbed back to 7.08% for the week ending Nov. 10, according to Freddie Mac. And if inflation refuses …

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Inflation Is Finally Slowing. Will Soaring Mortgage Rates Do the Same?

Economy, Interest Rates / By W. J. Mencarow

Published by REALTOR.com | November 10, 2022 For would-be buyers who have had their home searches foiled or delayed by soaring mortgage interest rates, the housing market is likely to get worse before it gets better. Mortgage rates are expected to keep rising after new indicators showed that inflation rose 7.7% year over year in October, …

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Report: Mortgage Holders Lost Massive Equity In The Third Quarter

Economy, Mortgages / By W. J. Mencarow

Published by FOX Business | November 8, 2022 The report stated a loss of $1.3 trillion U.S. mortgage holders saw a massive loss of equity in the third quarter, mortgage-lending software and analytics company Black Knight found. Black Knight’s Mortgage Monitor Report, released Tuesday, said the total homeowner equity lost in the three-month period amounted to …

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Renters Are Fed Up With Rising Rents—Could Their Frustration Affect the Midterm Elections?

Economy, Rental Property / By W. J. Mencarow

Published by REALTOR.com | October 28, 2022 Rents are rising—and renters are poised to take out their frustrations in the midterm elections. More than half of renters registered to vote say that housing will be a key issue for them in the midterms next month, according to a recent Apartment List report. The rentals website …

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These Global Cities Show the Highest Real Estate Bubble Risk

Economy / By W. J. Mencarow

Published by Visual Capitalist | October 19, 2022 As a market gathers steam and prices increase, it remains a matter of debate whether that market is overvalued and flooded with speculation, or it’s simply experiencing robust demand. Housing bubbles are a tricky phenomenon. Of course, once a bubble bursts, it’s all obvious in hindsight. One common …

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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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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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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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