The 5 Best and 5 Worst Airports in the U.S.
A new report highlights the biggest pains and the smoothest sailing for air travelers.
A new report highlights the biggest pains and the smoothest sailing for air travelers.
Fear is not a most welcomed feeling and we spend a great deal of time and energy trying to avoid it. Yet all that goes out the window when it comes to horror stories, which tap into an emotional masochism of sorts, captivating us with their harrowing tales, jump scares, and carefully picked creepy houses. […]
The post 13 Real-Life Houses Haunted by Their Dark Past appeared first on Fancy Pants Homes.
Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. Despite this, […]
While all the headlines paint a really rosy picture for the real estate market where sellers are cashing in mega gains, the average takeaway isnât all that great. A recent analysis from Zillow revealed that the typical home seller in 2017 earned just $38,856, which was actually slightly below the figure seen a year earlier.… Read More »Average Home Seller in 2017 Made Only $39,000
The post Average Home Seller in 2017 Made Only $39,000 appeared first on The Truth About Mortgage.
Despite being nowhere close to levels seen just over a decade ago, cash-out refinance loans are on the rise, this according to a new data dive by LendingTree. The company reported that 62% of those who refinanced in the first quarter took âcash out with that,â up from 54% a year earlier. This number is… Read More »The Top 10 Cities Where Cash-Out Refinances Are King
The post The Top 10 Cities Where Cash-Out Refinances Are King appeared first on The Truth About Mortgage.
Black Knightâs Mortgage Monitor for December highlights a continuation of recent home price declines, an overview of current loan performances, rate lock activity, and buyer use of buydowns. December saw the sixth straight monthly decline in Black Knightâs Home Price Index (HPI). The seasonally adjusted index fell 0.45 percent from November , roughly on par with the 0.48 percent average decline over those six months. The unadjusted index was down 0.87 percent. Decemberâs decline pushed the annual home price growth rate down to 5.0 percent — only 0.4 percent above its 30-year average â and the slowest home price growth rate since June 2020, near the start of the pandemic. However, if recent monthly changes are annualized, they would represent a 3.8 to 7.7 percent decline which may offer insight into where we could be headed in coming months. If the current pattern persists, the company estimates we will see the annual home price growth rate turn negative within the next three months. As always, there are substantial differences in markets. Fourteen of the 50 largest have seen declines of 6 percent or more from the 2022 peaks, with San Francisco, San Jose, Seattle, and Phoenix all falling more than 10 percent on an SA basis while one in five markets have fallen 10 percent or more on an NSA basis. Four markets, Kansas City, Indianapolis, Virginia Beach, and Louisville continue to see SA prices rise. Declining home prices, of course, mean a loss of homeowner equity and Black Knight estimates it has fallen by $2.3 trillion or 13 percent over the last two quarters . Tappable equity, the share available to borrow while still maintaining a 20 percent cushion â fell by $1.8 trillion over that span. This is an annual change of -1 percent, marking the first decline in equity available to lend against since 2012. West Coast markets are exacerbating the issue. Los Angeles, San Francisco, San Jose, and Seattle account for nearly one-third of the overall national decline over the past two quarters.
Bill Brand, the mayor of Redondo Beach, has amassed power on a slow-growth platform. Now, a series of emails involving him and supporters are heightening criticism about their tactics.
Affordability still remains a challenge for many borrowers, many of whom are turning to permanent rate buydowns.
If youâre a prospective home buyer, you need to prepare for the worst. And by worst, I mean a much higher-than-anticipated asking price. Maybe not everywhere, but in many major metros nationwide, the real estate market remains red hot. And thereâs really no sign of abating, even with mortgage rates back above 4% and the… Read More »If You Want to Buy a Home, Adjust Your Max Purchase Price Filter a Lot Lower
The post If You Want to Buy a Home, Adjust Your Max Purchase Price Filter a Lot Lower appeared first on The Truth About Mortgage.