By Zach Wichter From Bankrate.com Economic uncertainty abounds right now as inflation surges and the interest rates on all kinds of financial products rise. Even so, homeowners may find that tapping their home equity through a cash-out refinance is a financially sound decision, despite the fact that doing so is costlier than it would have…
Why a Cash-Out Refinance Can Still Be a Good Idea, Even as Rates Rise
Germany Cracking Down on Cash Transactions for Real Estate to Combat Money Laundering
Germany is preparing to crack down on money laundering efforts with new legislation prohibiting cash transactions in the real estate market, according to officials. The legislation is aimed at curbing both money laundering and other financial crimes, Bloomberg reports. “Our national risk assessment shows that we need to do more in the real-estate sector,” Finance…
US Mortgage Rates Rise to 5.78 Percent After Fed Rate Hike, in Biggest Jump Since 1987
U.S. mortgage rates jumped to 5.78 percent in the largest one-week increase since 1987, reported Freddie Mac on June 16, after the Federal Reserve hiked interest rates the day prior, adding further pressure on homebuyers and slowing down the already weak housing market. The average for a 30-year loan jumped to 5.78 percent by more…
Housing Supply Squeeze Finally Begins to Ease
By Jeff Ostrowski From Bankrate.com During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing—a shift that could mark the start of a much-anticipated cooling of the white-hot housing market. The abnormal conditions of the past…
5 Landscaping Projects That Add Value to Your Home
Though the real estate market is booming and home prices are already at record highs, it can’t hurt to maximize the value of your property, particularly if you’re considering listing it for sale. One of the ways to accomplish this is by investing in a well-chosen landscaping project, one that impresses potential buyers and entices…
US Homebuilder Sentiment Falls to Lowest Level Since Pandemic as Affordability Worsens
American homebuilders have grown more pessimistic about the state of the housing market over the past six months due to increasing interest rates, with sentiment falling to their lowest level since June 2020 at the height of the pandemic. Mortgage demand throughout the country has fallen to less than half of what it was a…
Commercial Property Sales Slowed in Spring 2022 as Rising Interest Rates Deterred Buyers
The U.S. commercial real estate market slowed down for the first time in 13 months, as rising interest rates and inflation caused worries throughout the industry. Commercial property sales for April fell 16 percent from the same month in 2021 to $39.4 billion, according to an MSCI Real Assets report last month. In contrast, total…
Mortgage Rate Forecast in June 2022: Recession Worries May Keep Rates in Check
By Erik J. Martin From Bankrate.com Many factors are putting upward and downward pressure on mortgage rates, and prospective borrowers have observed a seesaw pattern in the cost to finance a home recently. While the benchmark 30-year rate has climbed from a 5.22 percent average a month ago, it dropped slightly in late May, backing…
Five Options to Sidestep Dealing With a Relative
Dear Monty: We are planning on selling our home soon. My wife’s sister has a son that is a real estate agent. We do not want to use him, but we know that it may sour our relationship with her sister if we do not. We are wondering if you may have some suggestions. Monty’s…
Buying Amid Affordability Squeeze? Here’s How Homebuyers Can Cope
By Jeff Ostrowski From Bankrate.com The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them. Two years on, the pandemic-era housing boom continues to rage. Home prices have set one record after another. Bidding wars have become the norm in many markets….
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