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…
In Unchartered Territory, Is the Housing Market About to Crash?
By Mark Patrick Produced by Planner at Heart and syndicated by Wealth of Geeks The housing market is heading into waters not charted in decades. We haven’t had to deal with several factors at play in a long time, including high inflation, rising interest rates, low supply, and rapidly increasing home prices. All of these factors…
Housing Market Facing Mixed Results As Pending Home Sales Fall Sharply From 2021
Pending U.S. home sales in May edged higher, ending a six-month streak of declines, with a slight rise of 0.7 percent from April, according to the National Association of Realtors on June 27. Month-over-month regional results were mixed with a slight pickup on average, and the Northeast and Southern states experiencing a rise in sales,…
How Does Fed Chairman Powell View the Housing Market?
By Jeff Ostrowski From Bankrate.com The fate of the housing boom is on the minds of both homeowners and homebuyers these days. Will record home values lead to a crash reminiscent of the one that made the Great Recession so painful? Or will prices simply take a breather from their torrid pace of appreciation? No…
6 Strategies for Increasing the Cash Flow of Your Real Estate Investment
By Xavier Preterit In real estate investment, cash flow corresponds to the amount of money you have left over after deducting all the expenses from your income each month. In concrete terms, these different expenses include the monthly payments, the taxes, the insurance costs, the management fees, and all the other charges related to your property. The…
US Mortgage Delinquency Rates Hit A Record Low In May
The number of borrowers in a state of delinquency from not making their mortgage payments on time in the U.S. declined five basis points from April at 2.80 percent to 2.75 percent in May, continuing the downward trend since March, with another new low. The national delinquency rate started to decline in March, according to the May…
Mortgage Rates Jump to Levels Not Seen Since 2008 as Home Affordability Worsens
U.S. mortgage rates rose again last week, reaching close to a 14-year high, according to Freddie Mac in a statement on June 23. The average rate for a 30-year loan hit 5.81 percent, up from 5.78 percent last week, after reaching its largest one-week jump since 1987, while rates diverged from the decline in yields for…
Demand for Adjustable-Rate Mortgages Surge as Rates Push Higher
Mortgage applications for home purchases rose 8 percent over the week ending June 17 compared with the week before, in part because of rising demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s June 22 seasonally adjusted index. “Purchase applications increased for the second straight week—driven mainly by conventional applications—and the [adjustable-rate mortgage] share of…
4 Real Estate Investment Strategies
One of the best ways to diversify your portfolio, apart from stocks, bonds, mutual funds, and other financial instruments, is through real estate. The real estate market offers tremendous opportunities for people to invest, and varying degrees of investment risk, based on your comfort level. Here are four real estate investment strategies to consider this year,…
Deep Pockets Full of Cash Keeping the Luxury Home Market Going
While inflation runs rampant and mortgage rates continue to inch upward, many luxury home buyers are apparently unaffected as home prices are still escalating through the roof in affluent communities across the United States. April stats from the National Association of Realtors (NAR) indicate over 20 percent of homes priced at $1 million or above…
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