The post U.S. Housing Market Stalls as Mortgage Rates Edge Up Again appeared first on Weekly Real Estate News.
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Housing inventory under 1M again as sales collapse
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Allen Santos
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Comments Off on Housing inventory under 1M again as sales collapse
On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a […]
Pricing exceptions are widespread in mortgage — and so are the regulatory risks
February 29, 2024
Mariel Alumit
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Comments Off on Pricing exceptions are widespread in mortgage — and so are the regulatory risks
Mortgage lenders are offering discounts on loan pricing to capture borrowers. But which customers get a discount and which do not is attracting scrutiny from regulators. Image generated by AI in MidJourney.Mike, a North […]
Share of mortgage-free homeowners hits all-time high in 2022
November 22, 2023
Mariel Alumit
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Comments Off on Share of mortgage-free homeowners hits all-time high in 2022
While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free. In 2022, nearly 40% of U.S. homeowners owned their homes outright, according to Census Bureau data analyzed […]