In the United States housing sector, home buyers face strong barriers heading into 2022. While December 2021 saw major FHFA changes, housing starts and home sales remain competitive. Home Buyers Face Strong Barriers to Entry in Housing Inventory In 2022, home buyers face strong barriers in the real estate market. The first major barrier stems […]
Industry News
2022 Mortgage Rates: Analysts Forecast Higher Rates in the New Year
2021 represented a banner year for real estate, leaving many to inquire about 2022 mortgage rates. Last year, mortgage rates hovered around record low numbers. Real estate experts largely attributed this to the prevalence of the coronavirus pandemic, and its numerous variants. Factors Driving Up 2022 Mortgage Rates The United States real estate market faced […]
Housing Starts Fall Short & Spending Skyrockets to End the Year
The end of the year saw housing starts fall short of expectations. Meanwhile, consumer spending skyrocketed heading into the holiday season. After November surpassed October’s 30-year inflation high, the Fed planned to expedite its timeline for tapering bond purchasing. Finally, analysts expect to see plenty of volatility in mortgage markets towards the end of December […]
Demand for Second Homes: What’s Really Causing the Rise?
With 2021’s low interest rates, real estate analysts noticed a surprising trend: demand for second homes. In today’s competitive real estate market, buying one home can be challenging enough. This is especially true in the era of COVID-19. However, analysts did not originally predict current homeowners to lead the charge on purchasing that second property. […]
New Home Sales Jump Alongside Rising Valuations This Year
As the holiday season approaches, investors saw new home sales jump. Additionally, home values rose this year. Many factors play a role in the increase, particularly limited inventory and inflation. Currently, investors worry about future economic growth. This past month, the United States witnessed record-high inflation, supply chain struggles, and job growth struggles. New Home […]
Properties with Liens: Steps You Need to Take
Properties with liens present unique challenges for all of those involved. Liens are legal notices that are attached to a property’s title. This occurs when a creditor is unable to collect unpaid debts from a homeowner. Unfortunately, when a home has a lien on it, it can be difficult to sell, and, in some cases, […]
Home Prices Soared Over Last Year Alongside Fantastic Consumer Spending
Recent reports revealed that home prices soared over last year. In addition, consumer spending put up stronger than anticipated results. Meanwhile, the U.S. economy faced highs and lows in other sectors. Job creation stifled amongst the onset of The Great Resignation. Inflation continues to rise as it has been throughout the economic recovery. And the […]
Lifted Eviction Moratorium Had Stunning Impact on Mortgage Markets
Last month, the US Supreme Court pass a vote, which lifted the eviction moratorium. Previously, the Biden administration expanded the eviction moratorium. The moratorium blocked many landlords across the country from evicting tenants for COVID-related financial hardships. With that moratorium expiring, it left a large impact on the renters and landlords of the country. This […]
Powerful Job Gains Drive Economic Growth
With COVID numbers growing but unemployment aid ending, it’s a possibly very unstable time for the economy as experts continue to monitor the ever-changing situations across the country concerning inflation, job growth, and the housing markets. Powerful Job Gains is Good News for Economy The economy gained 943,000 jobs in July, above the forecast of […]
Delta Variant Spurred Startling Mortgage Rate Plummet
The Delta variant spurred a startling mortgage rate plummet as of late. Mortgage rates declined as a result of the increasing economic uncertainties. Analysts attribute the uncertainty to the COVID-19 Delta variant and its mutations. As a results, the average 30-year loan rate fell to a five-month record. Freddie Mac Shows How Delta Variant Spurred […]