Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors.
Newsfeed: Home sales fell in March amid volatility in mortgage rates Read More »
US banks lost money on mortgages in 2022, according to a report from the Mortgage Bankers Association (MBA), which noted that the average loss was $301 on each loan originated that year, vs. an average profit of $2,339 per loan in 2021.
The housing environment is so unaffordable that certain banks lost money for each mortgage they financed last year — the first time that’s happened, according to the Mortgage Bankers Association.
Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time homebuyers in a serious bind.
Newsfeed: First-Time Homebuyers Are Absolutely Screwed Right Now Read More »
Mortgage rates have doubled over the past year and this has hit housing affordability hard. How much housing prices will retrench is still up in the air. Consider the whole premise housing prices in America are about to fall like a stone may be overdone. Hard economic times could very well take a greater toll on the price of intangible assets and paper promises than on things like housing.
Newsfeed: The Face Of Housing Ownership Is Changing Read More »
Back in September, when looking at various leading rental market indicators, we reported that “Manhattan Apartment Rents Finally “Plateau” After Red-Hot Summer” a trend reversal that was also observed at the national level as we observed in “Nationwide Rents Drop For First Time In Two Years.”
Newsfeed: Apartment Rents Slide Across All US Cities Amid “Crush” Of New Supply Read More »
Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
Newsfeed: Prices for single-family homes are falling in these cities Read More »
Rents Rising Faster Than Home Prices in Almost Half the U.S.; Both Renting and Owning Unaffordable for Average Workers Throughout the Country; Renting Still More Manageable in Vast Majority of Markets
Newsfeed: Renting More Affordable Than Homeownership Across Most Of The Nation In 2023 Read More »
Inflation is accelerating faster than we’ve seen in decades … People around the world are already feeling its effects in their wallet
Podcast: Understanding Inflation and What it Means for Real Estate Investors Read More »
The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.