Sales of previously owned homes in April tumbled for the third straight month to their slowest pace since the start of the pandemic, according to the National Association of Realtors on May 19. Existing home sales fell to a seasonally adjusted annual rate of 5.61 million, while sales were down 2.4 percent from March and…
Previously Owned Homes Sales In April Fall To Lowest Levels Since The Pandemic
May 20, 2022
admin
Business & EconomyeconomyinflationInvestmentMarketsreal estateU.S. home salesu.s. real estateUSUS Real Estate
0 Comment
US Home Construction, Building Permits Stall As Mortgage Rates Rise
Home construction in the United States fell in April to a five-month low, due to the highest mortgage rates in decades and an ongoing supply crisis that has snarled supply chains, according to a Commerce Department’s Census Bureau report on May 18. Rising mortgage rates caused by interest hikes by the Fed have contributed to…
As Recession Fears Build, What Should You Do?
Commentary The entire investment world seems to be crashing except for good ol’ sticks and bricks on terra firma—real estate. Part of the paper and digital assets sell-off is related to the fear of an economic recession. Though it’s an increasingly germane topic, recession prospects carry wide disagreement among experts. It’s still less controversial than…
Making Sense of Mortgage Options
When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…
Consumer Bank vs. Mortgage Broker: What’s the Best Option?
When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…
A ‘Perfect Storm’: Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market
May 14, 2022
admin
Business & Economyeconomic policieseconomyinflationmortgagePolicies & Impactsreal estateSocial IssuesUnited StatesUS
0 Comment
The dramatic rise in home prices and mortgage rates in the early months of 2022 has had a relatively limited effect on wealthy buyers and sellers, but has had a severe impact on lower-income Americans—and the Democratic Party may pay a steep price for their frustrations in the November midterm elections and beyond, according to…
Mortgage Rates Rise, With Monthly Payments Up Around 30 Percent From Last Year
Average long-term U.S. mortgage rates continue to climb again this week, with interest rates for key 30-year mortgage loans hitting their highest level since 2009, according to Freddie Mac on May 12. The news adds more financial strain on potential home buyers, as the competitive spring and summer markets heat up. Forty-year high inflation, rising…
Spiraling Home Costs and Mounting Interest Rates Could Slam the Door on First-Time Buyers
A recent survey from the Federal Reserve Bank of New York indicates U.S. households expect home prices to continue to rise at a faster rate over the next year and that the value of their homes will appreciate at a slower rate over the next five years. In addition, the survey shows that most Americans also…
Beginner Guide to Real Estate Investing
May 12, 2022
admin
beginnersBrightinvestingpersonal financereal estatereal estate investmentreal estate investment advice
0 Comment
Many millionaires often share one thing in common. Despite their backgrounds, industries of choice, or age they often all believe in the power of real estate. Billionaire Andrew Carnegie famously said that 90 percent of millionaires got their wealth by investing in real estate. Many wealthy icons still credit real estate as a path to…
The Future of Starter Homes and What That Could Mean for First Time Homeowners of the Future
Affordability and manageable maintenance of properties, typically on the smaller side, has attracted first-time home buyers for decades. However, as anyone who has purchased a home in the last few years will tell you, it’s a competitive and pricey market for homes of all varieties, and many wonder if starter homes are still a viable…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta