Home Sales Fall For the To the Second Lowest Leven in History
The month of November saw the sixth drop in pending US home sales as higher borrowing costs and an uncertain economic outlook kept many potential buyers out of the market.…
The housing market reaches a turning point when the cost of debt exceeds rent
Commercial properties have risen in price so quickly that the profits generated from rentals are not enough to pay their costs. Some 28% of new mortgage-backed securities were negatively affected…
As The Mortgage Rates Spike Again the Demand Homes Decline Causing an Over Supply in The Real Estate Market
New home construction and permit applications for single-family homes decreased in September, confirming that high mortgage rates are increasing demand and reducing new construction. According to data released Wednesday, residential…
With Mortgage Rates Soaring, the Housing Market Takes Another Hit
As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the United States…
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market.…
As Home Prices Surge, Americans Are Moving to Cheaper Places
Americans have long been willing to hit the road in search of a fresh place to live and work. These days, many are quitting big, expensive cities such as Los…