Author name: Star

Today's market is tough for many prospective homebuyers, with mortgage rates on average around 6-7%, and a shortage of homes for sale pushing up prices. However, for some buyers, now can still be a great time to buy. Plus, you can start building equity in your home and plan to refinance in the future. Continue […]

A new analysis suggests that office buildings won't recover from pandemic-related value reductions until around 2040. The prolonged recovery is attributed to the shift of people away from city centers and the adoption of remote work practices.

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

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.

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%

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

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

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

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.

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.