Published by CNBC | July 20, 2022 Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting …
Published by Attom Data | July 14, 2022 U.S. Foreclosure Starts up 219 Percent in First Six Months of 2022; 96 Percent of Major Metro Areas Saw an Annual Increase in Foreclosure Filings; Foreclosure Rates Highest in Illinois, New Jersey, and Ohio ATTOM, a leading curator of real estate data nationwide for land and property data, today released its …
Increased Foreclosure Activity in First Six Months of 2022 Approaches Pre-Covid Levels Read More »
Published by Breitbart News | July 18, 2022 According to a recent Primerica study, 77 percent of middle-income families are preparing for a recession with nearly three-quarters cutting back on spending. The key piece of data we were waiting on today is the National Association of Home Builders index (NAHB), which reflects how home builders are feeling. …
Breitbart: Homebuilder Sentiment, Apple Report Send Shudders Through Economy Read More »
Published by FOX Business | July 15, 2022 The U.S. homes deficit doubled from 1.65 million to 3.8 million between 2012 and 2019 Up For Growth, a non-profit committed to solving the United States’ housing shortage, is sounding the alarm on the nation’s underproduction of homes. According to a study released by the organization on July 14, the …
U.S. Housing Market’s Underproduction Crisis Getting Worse, New Analysis Finds Read More »
Published by FOX Business | July 14, 2022 The average for a 30-year fixed-rate loan is now at 5.51%, up 2.88% from a year ago U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That’s causing some …
Published by FOX Business | July 12, 2022 Higher mortgage rates, inflation contributing to cancellations Approximately 600,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to 14.9% of homes that went under contract during the month, an increase from 12.7% in May and 11.2% a year …
Home Sale Cancellations Hit Highest Rate Since Start of Pandemic Read More »
Published by Forbes.com | June 28, 2022 Corporate investors have purchased hundreds of thousands of single-family homes. Experts say that’s a symptom–not a cause–of a housing shortage that’s been more than a decade in the making. The U.S. is in the midst of a housing supply crisis, with rents skyrocketing and the number of first-time …
It’s Easy To Blame Private Equity For Housing Shortage, But Crisis Has Deeper Roots Read More »
Published by Forbes.com | June 23, 2022 Falling house prices tend to be bad for incumbent politicians during reelections. Take, for example, George H. W. Bush. Vice President George H. W. Bush was elected president in a landslide in 1988. The U.S. housing market had been booming for years before that election. The Northeast boomed from …
Falling House Prices And The Elections In 2022 And 2024 Read More »
Published by FOX Business | June 22, 2022 Average 30-year, conventional, fixed-rate mortgage hit 5.23% in May: Freddie Mac JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and dampen housing demand. A source familiar with the matter confirmed to FOX Business …
JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb Read More »
Published by FOX Business | June 21, 2022 Sales of existing homes slowed for the fourth straight month, according to the National Association of Realtors Chief Economist at Redfin Daryl Fairweather argued that a recession could coincide with a decline in home prices as prices continue to climb even while data reveals that sales have slowed. …
EXPERT: Recession Could Lead to Decline in Home Prices Read More »
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