Have we found the bottom in existing home sales?
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst.
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst.
During a typical recession, builders typically show lower starts, permits, and completion data. But builders now they have a massive backlog of homes they need to finish.
A look at how we got here and where we’re headed.
The housing market saw inventory fall 4% last week and is on the cusp of breaking under 1 million total active listings.
The housing market recession we’ve seen this year is significantly different than 2008. Here’s what you should pay attention to.
A year after the housing bubble burst, I decided to make a career change and go back to school for my MBA. During one of my first finance courses, my professor discussed her reasons for refinancing her home mortgage at ⦠Continue reading â
The post 6 Questions to Ask Before Refinancing appeared first on SmartAsset Blog.
Why Home Loans Today Aren’t What They Were in the Past Keeping Current Matters
Despite massive drops in collective home equity, mortgage lenders continue to roll out new home equity line offerings. Yesterday, Black Knight reported that homeowners lost a whopping $1.3 trillion in home equity in the third quarter alone. The company said it was âby farâ the biggest quarterly drop on record by dollar value and the… Read More »Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion
The post Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion appeared first on The Truth About Mortgage.
We break down the 50/20/30 rule into a blueprint that shows you exactly how to budget your money each month into three simple categories.
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They say real estate is cyclical, much like the stock market and the wider economy. It ebbs and flows, goes up and down, experiences booms and busts, can make us feel rich one day and poor the next. It doesnât follow a straight line up or down over time â instead, it can be rather… Read More »Are We Near the Peak of the Current Housing Cycle?
The post Are We Near the Peak of the Current Housing Cycle? appeared first on The Truth About Mortgage.