A new economic study by Boston University Professor Dr. Michael Salinger in conjunction with Charles River Associates, which was commissioned by Airbnb, found proposed new short-term rental regulations would harm New York City’s economy and unnecessarily […]
Source: Fortune — Nationally, home prices rose for 124 consecutive months between February 2012 and June 2022. Now we’re in reverse: Through September, the seasonally adjusted Case-Shiller National Home Price Index has posted three consecutive […]
Source: New York Times — As prices rise, higher mortgage payments follow, and after nearly three years of rapid home appreciation during the pandemic, qualifying for a home loan is more difficult than ever. Today’s […]
Source: Yahoo! — SANTA ANA, Calif., December 20, 2022–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of […]
Source: FT Adviser — Homeowners weighing up forbearance options in light of rising interest rates should be making cuts to their subscriptions before they consider making changes to their mortgages, brokers have said. This month, […]
Source: The Ascent — These days, signing a mortgage means taking on a really big financial commitment. Home values are still elevated on a national level, and mortgage rates are the highest they’ve been in decades. And […]
Source: CNBC — Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a […]
Source: Consumer Financial Protection Bureau — Over the past two years, interest rates have risen from historical lows to as high as 7% for 30-year fixed-rate mortgages. Interest rates have remained elevated at levels that […]
The Housing Market Index (HMI) from the National Association of Homebuilders (NAHB)–typically referred to simply as “builder confidence”–is argued to be both an advance indicator and a lagging indicator depending on who is doing the […]
Continuing declines in interest rates contributed to a substantial increase in applications for refinancing heading into the holiday season. This pushed the overall application volume fractionally higher. The Mortgage Bankers Association (MBA) said its Market […]
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