Black-owned home values appreciated the most during the pandemic
Homes owned by Black families have appreciated more than any others since the onset of the COVID-19 pandemic, according to Zillow.
Homes owned by Black families have appreciated more than any others since the onset of the COVID-19 pandemic, according to Zillow.
It’s way too soon to abandon hopes for a strong bond-market rebound in 2023. But even if plowing back into Treasuries proves to be a winning trade, sticking with it won’t be for the faint of heart. A surge in job growth, rising consumer spending and faster-than-expected inflation have sent bond prices sliding again by … [Read more…]
Not only did pending home sales increase for the second month in a row in January, but the increase was the largest since the June 2020 rebound from the pandemic plunge. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose 8.1 percent in January to a reading of 82.5. This was on top of a 2.5 percent gain in December. [pendinghomesdata] The PHSI is based on contracts to purchase existing single-family homes, townhouses, condominiums, and cooperative apartments. It is a leading indicator of existing home sales over the following one to two months. Prior to the December uptick, pending home sales had fallen for 13 straight months. Last monthâs PHSI reading was down 24.1 percent compared to the January 2022 level of 108.7. The Index was benchmarked at 100 in 2001. Analysts polled by both Econoday and Trading Economics had been expecting only a 1.0 percent increase in pending sales. NAR Chief Economist Lawrence Yun said, âBuyers responded to better affordability from falling mortgage rates in December and January. Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,â He expects that we will not see an annual gain in home sales until 2024. âMeanwhile, home prices will be steady in most parts of the country with a minor change in the national median home price,â he said. NAR anticipates that the economy will continue to add jobs throughout 2023 and 2024, with the 30-year fixed mortgage rate steadily dropping to an average of 6.1 percent in 2023 and 5.4 percent in 2024.
The Pink Tax: Latest Updates and Statistics Bankrate.com
Explore 10 pros and cons of living in Orange, CA. Discover the city’s ideal climate, and cultural diversity, along with its traffic, cost of living, and natural disasters before making this place your home.
The post Is Orange, California a Good Place to Live? 10 Pros and Cons to Consider Before Moving to the City of Orange appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
Here in Las Vegas (Why did the Dalai Lama go to Las Vegas? Because he loves Tibet) the population is about 650,000 with all manners of housing, subdivisions, and lifestyles. But around the nation and world, there are numerous ways and places to live. Hereâs a story about a former NFL star who says he saved money by living inside Cincinnati Bengals stadium. What do Stowe, Vermont, Whitefish, Montana, and Lake Placid, New York have in common? The three U.S. towns made Travel & Leisureâs 25 Most Beautiful Small Towns. If you only want a house for part of the year, with elevated mortgage rates and home prices having risen considerably, the solution might be buying 1/6 of a house. Or sharing equity, which is what some of your borrowers and homeowner clients consider. âAn Unlock HEA gives you cash in exchange for a portion of your homeâs future value.â Or one can live underwater. (Todayâs podcast can be found here and this weekâs is sponsored by Built Technologies. Construction and real estate solutions for better financial management. Improve business performance with faster, smarter tools, for all stages of the property lifecycle. Todayâs has an interview with Sasha Ramani, CEO of MPOWER Financing on companies beginning to ditch credit scores when loaning money. Broker and Lender Products and Services The Konami Code is one of the most well-known cheat codes in video game history. Unfortunately, lenders canât just press a sequence of buttons to make productivity struggles disappear. But that doesnât mean there isnât a solution thatâs nearly as simple and effective! SimpleNexus, an nCino company, is helping lenders hack the mortgage experience with its single-sign-on mobile homebuying application that connects lenders, real estate agents, and homebuyers from pre-application to close. If youâre attending ICE Experience 2023 this week, SimpleNexus invites you to âLevel Upâ at booth #125. Come for the free t-shirts and stay for the retro video games and illuminating discussions about the latest advancements in digital home lending. Want to put your name on the mortgage industryâs leaderboard? Earn a top score with SimpleNexus.
Delayed Reaction? Treasury Yields Jump, Mortgage Rates Spike 40 … Seeking Alpha
Pending home sales rose for the second consecutive month in January, jumping 8.1%, but they are still down 24.1% compared to last year.