(Bloomberg) — Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since […]
Read MoreIf you’re just getting started in real estate investing, don’t expect to become an expert overnight. Yes, it’s true that you can make money buying and selling properties. However, it takes knowledge, determination, and skill. It also helps to know some of the classic mistakes that others make when they start investing in property to […]
Read MoreThe 30-year mortgage rate has risen rapidly to its highest level since 2019, around 4%. The increase could compel home shoppers to look for houses in lower price ranges. Some might need to get preapproved again. Mortgage rates have risen almost a full percentage point since late December. A few days before Christmas, the 30-year […]
Read MoreAn “Available” sign outside a home in the CBH Homes Calvary Springs Community in Nampa, Idaho, on Oct. 19, 2021. No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho, where prices have surged by more than 30% in the past year. Kyle Green/Bloomberg As an investor in mortgage-backed securities, […]
Read More(Bloomberg) — Historic home price growth boosted U.S. homeowner equity by 31% in the third quarter from a year ago, adding $3.2 trillion to Americans’ wealth. That translates to an average gain of $56,700 per borrower, according to a report by property data provider CoreLogic. Housing valuations rose 17.7% in the 12 months through September, […]
Read MoreIt was inevitable that the housing market would slow down a bit. After all, home prices can’t continue to outpace income growth by a 4-to-1 ratio forever, right? However, even as the market has seen some softening so far, price hikes and bidding wars are still ongoing across the U.S. And the industry consensus is […]
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