The historic multifamily construction boom is already fading
Those same interest rates pushing would-be homebuyers to the sidelines are also hurting multifamily developers.
Those same interest rates pushing would-be homebuyers to the sidelines are also hurting multifamily developers.
Savers say these are their favorite ways to build a nest egg.
Thereâs been a lot of hubbub about mortgage rates since the start of the year. Itâs not unwarranted, given the fact that 30-year fixed rates increased from 3.95% to 4.46% from January through early March, per Freddie Mac data. But they also dropped last week for the first time all year â so itâs possible… Read More »What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
The post What Will Happen to Home Sales If Mortgage Rates Rise to 9%? appeared first on The Truth About Mortgage.
Zimmer Financial Services Group has started Iron Title, an agency whose leadership team includes former First American executives. Iron Title already has begun operations in Florida, and will be expanding into strategic markets nationwide in the coming months. Its CEO, Judd Hoffman, is the former president of First American Title’s direct division. He is joined … [Read more…]
Despite October’s nationwide uptick in new home sales, homebuilder confidence continues to slide, hitting its lowest level since June 2012 in November.
The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.
Mortgage rates moved down another four basis points this week, as the markets anticipated the 25 basis point increase the Federal Open Market Committee announced on Wednesday. The Freddie Mac Primary Market Survey for Feb. 2 found the average for the 30-year fixed rate mortgage at 6.09%, down from 6.13% one week prior. The 15-year … [Read more…]
More than 11 million families are in ânegative equityâ, they owe more on their home than it is worth. Is it OK for them to walk away from their mortgage?
The post Is It Ok To Walk Away From Your Underwater Mortgage? [Infographic] appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
If you happen to be in the market to buy a home, youâre probably not giddy with delight over todayâs sky-high listing prices. After all, home prices continue to inch higher and higher from their near-term lows seen about a decade ago after surging for years. Knowing the home seller purchased the property for 50%… Read More »Wait, Home Buying Is the Cheapest Itâs Been in 20 Years?
The post Wait, Home Buying Is the Cheapest Itâs Been in 20 Years? appeared first on The Truth About Mortgage.
Contract signings rose 2.5% nationwide in December, the first gain in six months, but pending home sales are 33.8% lower than a year ago.