After tumbling for the first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop for the third straight month in September (the latest data available) as mortgage rates soared, crushing affordability; and it did, with the 20-City Composite down 1.24% MoM (as the YoY rise slowed from 13.06% to 10.43%)…
Newsfeed: US Home Prices Declined For 3rd Straight Month In September Read More »
The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.
Newsfeed: FHFA Announces Conforming Loan Limit Values for 2023 Read More »
Companies with deep resources are outsourcing management to apps and algorithms, putting home ownership further out of reach.
Newsfeed: Robot Landlords Are Buying Up Houses Read More »
As the years pass by, equity happens … And oftentimes, lessons are best learned first-hand. So as a real estate investor, time and experience are two very powerful advantages to have on your side.
Podcast: Getting Started Early in Real Estate and Investing Read More »
After existing home sales tumbled, new home sales were expected to follow suit amid soaring borrowing costs and ever-higher prices (despite building inventories and incentives by homebuilders). They didn’t…
Newsfeed: New Home Sales Unexpectedly Jump In October, Prices Surged To Record Highs Read More »
Homebuyer affordability worsened in October as higher mortgage rates pushed the monthly payment to record highs.
Newsfeed: Housing: Median mortgage payment reaches record high in October Read More »
In the most recent quarter, investor home-buying saw the largest drop since the 2008 financial crisis—30-percent year-over-year, according to Redfin.
Newsfeed: Investor Home-Buying Falls at Record Rate Read More »
After existing home sales tumbled, new home sales were expected to follow suit amid soaring borrowing costs and ever-higher prices (despite building inventories and incentives by homebuilders). They didn’t…
Newsfeed: Why Is The U.S. Losing Oil Refining Capacity? Read More »
Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.