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Mortgage demand drops to lowest level in 22 years
Daniel Acker | Bloomberg | Getty ImagesThe pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.Applications for a mortgage […]
Read MoreIs The Stock Market Drop an Opportunity for Real Estate Investors?
Does a stock market crash affect real estate? We’ve seen home prices hit record growth over the past two years, with a slight slowdown happening right now. But nothing in the real estate market compares to the stock market selloff that has happened over the past six months. Index funds are down over twenty percent […]
Read MoreHousing market continues cooldown as new home construction drops
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Read More5 Simple Ways to Find Private Money
Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do […]
Read MoreIvy Zelman says hold off buying battered housing stocks, more pain ahead
The plunge in homebuilder sentiment is a signal of a housing slowdown that’s just beginning, according to star housing expert Ivy Zelman. Builder sentiment dropped 12 points to 55 in July, according to a Monday report from the National Association of Home Builders. The slump brought the index to its lowest point since the beginning […]
Read MoreInflation Up 9.1% Since Last Year
The Bureau of Labor Statistics has released the latest Consumer Price Index. Despite any chatter that may have predicted otherwise, inflation is still at a 40-year high and a 1.3% increase from the month before. Though inflation impacts everyone one way or the other, its effect on the housing market keeps getting more interesting, especially […]
Read MoreNatixis discusses China’s property sector and mortgage boycotting
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alicia Garcia-Herrero of Natixis discusses the challenges that China’s real estate sector is facing and the implications of banks being urged to step up lending to projects. 02:32 Mon, Jul 18 20221:37 AM EDT Source link
Read MoreFinance Friday: The Median Earner’s Guide to Fast-Tracking FI
The “semi-retired” lifestyle seems to go against everything early retirement chasers have been taught. For years, it’s been pushed into our brains that “retirement” is one stark event. You retire […] Source link
Read MoreThese are the 10 states with America’s most stable housing markets
The three most important things in real estate: location, location, location. And the U.S. real estate market is in a weird place right now. Mortgage rates are nearly double what they were a year ago, reflecting the Federal Reserve’s campaign to rein in inflation. But they have also been volatile, including some sharp declines from […]
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