New home sales in the US fell 2.5% in June, but were still up 23.8% year-on-year. The median new house price dropped 4.0% year-on-year. The housing market is showing signs of stabilization, with an acute shortage of previously owned homes underpining demand. Despite rising mortgage rates, the Fed raised its policy rate by 25 basis […]
WRAPUP 1-US new home sales fall, but trend remains strong Read More »
The application deadline for PA’s Property Tax/Rent Rebate has been extended from June 30 to December 31, 2023. Claimants are encouraged to file rebate applications online through myPATH.
Pa’s Property Tax/Rent Rebate Program Extended Deadline Read More »
8. Kansas City, MO: 17.4% 7. Cleveland, OH: 17.2% 6. Milwaukee, WI: 17.1% 5. Buffalo, NY: 16.8% 4. Minneapolis, MN: 16.6% 3. St. Louis, MO: 16.4%
Affordable Cities Rent-to-Income Ratio Read More »
La recesión del mercado inmobiliario de viviendas nuevas parece haber terminado, ya que la demanda y las ventas han aumentado. Los constructores se muestran cautelosamente optimistas sobre el futuro y han observado una mejora de la confianza y un aumento de la actividad constructora Las rebajas de los tipos hipotecarios han desempeñado un papel importante
Fin De La Recesión en El Mercado Inmobiliario: Optimismo Cauto Read More »
A survey found that ~54% of homeowners put down 15% or less on their homes. 12% put less than 5% down, 21% put between 5% and 10% down, and 21% put between 10.1% and 15% down. Government assistance programs like FHA loans require a down payment of only 3.5%, while VA loans may not require
50% of Americans Put Less Than 20% Down on Their Homes Read More »
The housing market predictions are revised for 2023, now home prices and rents to are expected to ↓. The avg list price is expected to ↓ 0.6% yearly, compared to the prior prediction of ↑ 5.4%. Rents are predicted to ↓ 0.9% yearly, given a growing supply of rental properties, reversing the earlier forecast of
Housing Market Predictions Revised for 2023 Read More »
Experts predicts ↓ 35% drop in office values by 2025 due to rising interest rates and reduced demand. Structural shifts in remote work and reduced physical occupancy contribute to the decline in office space demand. Vacancy rates have increased, leading to negative rental growth and falling net operating incomes.
Office Sector Forecast Read More »
Job stability: Frequent job changes can be a red flag, as lenders prefer a two-year job history for stability. Lack of established credit: Having no credit history or relying solely on authorized user status can lead to denial.
Mortgage Application Rejection Causes Read More »
The avg 30-yr FRM is at 7.27%, ↑ 8 bps WoW. The current avg 30-yr refinance rate is 7.4%, ↑ 6 bps WoW. The avg 15-yr FRM is 6.56%, ↑ 4 bps WoW.
Current National Mortgage Rates: July 31, 2023 Read More »
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