By Joe Edgar Over the last 50 years, home prices in the United States have increased by more than 5 percent annually on average, according to the National Association of Realtors. This means that the $200,000 home you buy today could be worth more than $864,000 in 30 years when your mortgage is paid off. It’s no…
How to Make Your First Million in Real Estate in 6 Years: A Step-by-Step Guide
Home Listings Rise in June While Prices Begin to Drop, Demand Reaching ‘Breaking Point’
July 1, 2022
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Business & Marketseconomyhome listingshousing inventorymortgage ratesreal estaterealtorU.S. home pricesUSUS Real Estate
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The U.S. housing market seems to be cooling off as the tight inventory situation shows signs of reversal, according to data from real estate listings website Realtor. In June, the number of real estate listings increased by 18.7 percent compared to the same time in 2021, according to a June 30 news release by the…
US Housing Market Proving Resilient
July 1, 2022
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Business & MarketsBusiness Columnistshome priceshousing marketmortgage ratesOpinionreal estateUS Real EstateViewpoints
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Commentary A U.S. housing market downturn will arrive, but it won’t be anything like 2008. After an unreasonably hot period for home prices following the COVID-19 pandemic, fueled by a new suburban migration wave and historically low interest rates, pundits are calling for a major housing crash similar to the one experienced during the Great…
Navigating Today’s Daunting Housing Market
It has not been a great year for Wall Street and the economy. In an effort to combat rampant inflation, the Federal Reserve (Fed) raised interest rates in early May. In June, the Fed increased interest rates once again, by 75 basis points, marking the largest increase in a single meeting since the early 1990s….
How Will the Sharpest Rise in Mortgage Rates in 3 Decades Affect Home Prices?
By Jeff Ostrowski From Bankrate.com Mortgage rates are climbing fast. The national average rate on a 30-year mortgage rose to 5.91 percent this week, surging from just 2.87 percent in August 2021, according to Bankrate’s national survey of lenders. The last time mortgage rates rose so swiftly was in 1994. In late 1993, rates were…
Over 40 Percent of Homes See Prices Drop in Multiple Local Housing Markets
June 30, 2022
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Affordable HousingBusiness & Marketseconomyhome prices to fallmortgage ratesnew home buyerreal estateUSUS Real Estate
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With home sellers realizing that buyers are no longer able to afford houses at current prices and mortgage rates, they are adjusting expectations and prices are dropping in multiple housing markets across the United States, according to real estate brokerage Redfin. In Provo, Utah, 47.8 percent of homes for sale saw prices go down in…
Monthly Mortgage Payments for Typical Home Rise $800 in Last 6 Months
June 30, 2022
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Business & MarketseconomyFreddie MacinflationInvestmentmortgage paymentsmortgage ratesreal estateUSUS NewsUS Real Estate
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The battle waged by the Federal Reserve to curb inflation heightens mortgage costs, making homes less affordable for first-time buyers. The average rate on the popular 30-year fixed mortgage is now close to 6 percent, which is about double what it was at the beginning of the year. Consequently, the monthly mortgage payment for a typical home in the…
Monthly Mortgage Payments for Typical Home Rise $800 Since January
June 30, 2022
admin
Business & MarketseconomyFreddie MacinflationInvestmentmortgage paymentsmortgage ratesreal estateUSUS NewsUS Real Estate
0 Comment
The battle waged by the Federal Reserve to curb inflation heightens mortgage costs, making homes less affordable for first-time buyers. The average rate on the popular 30-year fixed mortgage is now close to 6 percent, which is about double what it was at the beginning of the year. Consequently, the monthly mortgage payment for a typical home in the…
Home Price Growth Slows as Inventories Jump, a Sign of Cooling in the Housing Market
U.S. home prices rose 20.4 percent nationwide in April compared with the same month in 2021, according to the S&P Dow Jones Industrial’s CoreLogic Case-Shiller Index report on June 28 (pdf). This, compared with a 20.6 percent rise in March, appears to be a sign of a cooldown in price rises. The last deceleration in…
Potential Home Buyers Are Asking—Should I Stay or Should I Go
In 1982, the British punk rock band, The Clash, released their hit song “Should I Stay or Should I Go.” Forty years later, potential home buyers and sellers are now asking themselves that very same question. With mortgage interest rates currently near 6 percent for a 30-year fixed plan, many would-be home buyers are debating…
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