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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
HomeHousing Bubble

Housing Bubble

A housing bubble refers to a situation in the housing market where housing prices become artificially inflated due to speculation and high demand, rather than actual demand based on the underlying economic and demographic factors such as population growth, job market, and affordability.

This can create a situation where housing prices rise far beyond what can be sustained by the underlying fundamentals of the housing market, leading to a sudden and sharp decline in prices, often resulting in a housing market crash.

Biden
Housing Bubble

Real estate expert shreds Biden rule punishing home buyers with good credit: ‘It’s madness’

April 21, 2023 Mark Paul Cervantes Comments Off on Real estate expert shreds Biden rule punishing home buyers with good credit: ‘It’s madness’

A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers. The changes, which will begin in May, have many experts worried about the impacts […]

Mortgage
Housing Bubble

The average long-term mortgage rate is at its lowest level in six weeks

March 31, 2023 Mark Paul Cervantes Comments Off on The average long-term mortgage rate is at its lowest level in six weeks

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the […]

New Hampshire
Housing Bubble

A New Hampshire in-home energy storage program saved money and helped the grid

March 23, 2023 Mark Paul Cervantes Comments Off on A New Hampshire in-home energy storage program saved money and helped the grid

​The early results of a New Hampshire battery storage pilot are being widely hailed, but it remains unclear whether the program will be expanded to test new models and new ways of benefiting consumers. The […]

home sales
Housing Bubble

Lower mortgage rates boost US home sales in February

March 22, 2023 Mark Paul Cervantes Comments Off on Lower mortgage rates boost US home sales in February

WASHINGTON, March 21 (Reuters) – U.S. existing home sales rebounded more than expected in February as lower mortgage rates and the first year-on-year decrease in prices in 11 years pulled buyers back into the market, […]

market
Housing Bubble

US mortgage market suffers fallout from bank failures

March 17, 2023 Mark Paul Cervantes Comments Off on US mortgage market suffers fallout from bank failures

The market volatility triggered by the failure of three banks in the past week has spooked traders in economically vital US mortgage-backed securities, leaving other lenders, usually important buyers, on the sidelines. The $11tn market […]

US
Housing Bubble

What’s the current health of the US housing market?

March 16, 2023 Mark Paul Cervantes Comments Off on What’s the current health of the US housing market?

An analysis of 200 of the largest metro areas in the US shows the health of the housing market across the country amid a backdrop of intense competition and dwindling housing availability. Today’s Homeowner reached […]

Real Estate
Housing Bubble

Coldwell Banker Uncovers Why International Buyers Dream of Owning U.S. Real Estate

March 8, 2023 Mark Paul Cervantes Comments Off on Coldwell Banker Uncovers Why International Buyers Dream of Owning U.S. Real Estate

Affluent international consumers are dreaming big when it comes to their U.S. home purchase, says new Coldwell Banker Global Luxury data MADISON, N.J., March 7, 2023 /PRNewswire/ — From diverse American cities and regions to being inspired […]

home
Housing Bubble

This developer is happy that new home construction is falling

March 6, 2023 Mark Paul Cervantes Comments Off on This developer is happy that new home construction is falling

Recent headlines point to a slumping US housing market — as mortgage rates average near 7%, an increasing number of potential homebuyers are finding it difficult to finance homes. Mortgage applications fell in late February to a […]

Housing Bubble

US home prices just did something they haven’t done since 2012

March 6, 2023 Mark Paul Cervantes Comments Off on US home prices just did something they haven’t done since 2012

The post US home prices just did something they haven’t done since 2012 appeared first on Weekly Real Estate News.

Mortgage
Housing Bubble

Mortgage rates rise for the fourth week in a row

March 3, 2023 Mark Paul Cervantes Comments Off on Mortgage rates rise for the fourth week in a row

Washington, DCCNN —  Mortgage rates shot up for the fourth consecutive week, as inflation concerns remain. The 30-year fixed-rate mortgage averaged 6.65% in the week ending March 2, up from 6.5% the week before, according to […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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