Well, that should have been a wake-up call. The 30-year mortgage rate soared by 24 basis points recently to 6.18%. So the latter now stands at well more than double the 2.65% rate which prevailed just 18 months ago in January 2021, and at the highest level since the tail end of the Great Financial Crisis in 2009.
Newsfeed: David Stockman on Why the Great Reckoning Has Begun Read More »
Commercial real estate values have soared over the past two years, with most property sectors climbing past pre covid values by over …
Potential homeowners in the United States received a touch of relief this month as Realtor.com released new data stating home inventory increased by 18.7% in June.
US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc.
Newsfeed: Hottest US Housing Markets Now Have Bigger Share of Price Cuts Read More »
Careers board Lensa produced a new study this week laying out the least and most affordable states to live in in the United States. The study looked at “the affordability gap in states around the US, comparing the cost of living to the average wage to reveal the percentage difference.”
Newsfeed: New Study Finds Hawaii, Oregon, Among Least Affordable States To Live In Read More »
Kim Drotar is a public school teacher who rents an apartment in St Louis. But she doesn’t have the best neighbors.
Newsfeed: Rents across U.S. rise above $2,000 a month for the first time ever Read More »
Another week, another collapse in the pace of mortgage applications as the Mortgage Bankers Association (MBA) reports a 6.5% week-over-week drop in mortgage applications …
Newsfeed: Mortgage Applications Crash To 22-Year-Low As Monthly Payments Rocket Higher Read More »
Black Knight publishes a monthly Mortgage Monitor report that contains interesting information on the mortgage market and housing.
US mortgage rates posted the biggest drop in more than two years, offering homebuyers a slight reprieve from this year’s massive surge in borrowing costs.
Newsfeed: Mortgage Rates Fall to 5.1% in Biggest Drop Since April 2020 Read More »
A new study by Lending Tree found Generation Z (ages 18 to 24) are purchasing homes in America’s least expensive “flyover” cities while barely entertaining homeownership in pricey coastal cities.
Newsfeed: Gen Z Homebuyers Flock To These Inexpensive Metro Areas Read More »