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: CBS News — Surging mortgage rates aren’t just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it’s worth, […]
Source: The Motley Fool — If you’re buying a home, you’re making one of the biggest financial commitments of your life. You want to be sure you’re in the right place financially to do […]
Home Price Growth Grinds to Halt. What Does It Mean For Conforming Loan Limit Outlook? Today brings the release of June’s home price indices from both the FHFA (the regulator that oversees Fannie and Freddie, […]
Despite a slowdown in home sales, home prices continue to soar. Eighty percent of 185 major metro markets across the country posted double-digit annual price appreciation in median single-family existing-home sales prices, the National Association […]
Even though national GDP contracted for the second quarter in a row and home sales have fallen for five straight months, property prices are likely to continue growing because of low inventory, Lawrence Yun, chief […]
Pending home sales fell in June as surging mortgage rates and record-high home prices are making home buyers more cautious in moving forward. The median existing-home price hit an all-time high in June ($416,000). Homes […]
I hear investors ask all the time: “Can I use a home equity loan to buy another house?” Fortunately, the answer is a resounding yes. And not just home equity loans, but also HELOCs, blanket mortgages, and […]
The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered […]
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