Don’t expect a drop in home prices in 2023, NAR economist says
NAR Chief Economist Lawrence Yun expects there to be a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%.
NAR Chief Economist Lawrence Yun expects there to be a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%.
Rental properties are my favorite way to invest money! Over the years, I have bought more than 30 residential, commercial, and single-family rentals, which may not seem like that much but some of my properties have more than 60,000 square feet. I have been in real estate for almost 20 years now and I have … Read more
There have been a lot of unpleasant headlines regarding the state of the real estate market lately. Earlier this week, Redfin noted that only 1 in 8 offers written by their agents faced competition from other prospective home buyers in January. That was down 53% from a year earlier, allowing Redfin to proclaim that “bidding… Read More »Is the Real Estate Market Going to Crash in 2019?
The post Is the Real Estate Market Going to Crash in 2019? appeared first on The Truth About Mortgage.
Despite the new record low, NerdWallet home and mortgage expert Holden Lewis stressed that the real estate market in 2022 was very different from 12 years ago. “December’s sales were slow because high mortgage rates make homes unaffordable for many would-be buyers,” he said. “In 2010, the market was clawing its way out of the … [Read more…]
The average rate on a 30-year fixed-rate mortgage rose above 7% for the first time since 2002, according to a widely watched survey from Freddie Mac.
NerdWallet’s Holden Lewis has reported on mortgages since 2001, and he called the last housing bubble years before it burst. Today, he joins us to share his real estate predictions for 2021. One of these predictions is that 30-year mortgage rates will rise, possibly as early as next week. Hear how high mortgage rates could climb by 2022 and what you need to be telling buyer clients right now. Plus, Holden shares why a housing crash is unlikely, when home builders could come back in a big way, and more.
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Goldman Sachs, a multinational investment bank, forecasts home prices will fall further in 2023 than initially expected.
How are homebuilders positioned heading into spring? It’s all about mortgage rates as they move through a backlog of unfinished homes.
Buying rental properties is a great way to invest your money but qualifying for a loan on an investment property is not always easy. Getting a loan on an investment property is much more difficult than getting a loan on an owner-occupied home, and it will cost you more. Many banks consider investor loans riskier … Read more
Real estate is one of the best ways for the everyday person to make it big but it is not easy to get started, let alone buy another rental property! It takes money, perseverance, and guts to buy real estate and use it for an investment. A lot of people want to become investors but … Read more