interest rates

Push ‘Em Down, Push ‘Em Down, Way Down!

Today’s News Synopsis: Even lower interest rates are what most first-time homebuyers want the most from the government.  The National Association of Realtors reported pending home sales decreased 4.9% last month.  Mortgage applications, on the other hand, increased 7.2% from last week. In The News: Redfin – “Survey: What Do First-Time Homebuyers Want From the Government?  …

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Sorry Millennials. No 2008 Bargains In This Recession

Today’s News Synopsis: A recession won’t help you buy a house.  Mortgage rates increased slightly from last week but generally held steady with 30-year rates now at 3.58% and 15-year rates at 3.06%.  The National Association of Realtors reported a 2.5% decrease in pending home sales in July. In The News: Freddie Mac – “Mortgage Rates …

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Mid-Century Modern Tops The List, But California Loves Hollywood Regency

Today’s News Synopsis: What is every state most popular interior design style?  Home sales increased in May with both the lower interest rates and median prices reaching another high.  Builder confidence remained strong in June according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. In The News: MarketWatch – “Opinion: 5 signs that …

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Rising Rates Are Having A Ripple Effect Across The Housing Market

Today’s News Synopsis: How will real estate handle rising interest rates?  Mortgage rates continue to hold ground with 30-year rates at 4.45% and 15-year rates at 3.88%.  More and more newly constructed homes may be undergoing price cuts. In The News: NAHB – “Remodeler’s Confidence Holds Relatively Steady in Fourth Quarter” (1-17-2019) “The National Association of …

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Is A Crash Looming?

Today’s News Synopsis: Another Southern California home-price boom is cooling.  Amazon’s HQ2 location search just took a surprise twist.  According to Black Knight Financial Services, the increase in interest rates led to a decrease in the number of people with an interest rate incentive to refinance as well as housing in states now being less affordable …

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Even As Market Begins To Soften

Today’s News Synopsis: Millennials face housing hurdles.  In a breaking news story, the Federal Reserve increased interest rates once again.  New home sales increased 3.5% last month. In The News: CNBC – “Apartment rents are suddenly rising faster, reversing year-long trend” (9-26-2018) “Buying a home is getting more and more expensive, thanks to sharp increases in …

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Attom Data: Homes in Higher Risk Areas Have More Equity and Longer Tenures.

Today’s News Synopsis: Home prices are rising faster in high natural disaster risk areas.  According to the latest home equity analysis from CoreLogic, the number of homes with a mortgage that is still in negative equity is 2.8 million.  The Federal Reserve has plans to start shrinking their bond portfolio by selling off bonds, although …

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Is Aging In Place Dominating the Housing Market?

Today’s News Synopsis: Baby Boomers who refuse to sell are adding to housing shortage.  A recent study from Trulia showed those with a greater chance of owning a home and higher ownership rates were those who graduated from college and received advanced degrees.  An entire street in San Francisco was just purchased for $90,000, much …

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