The last time houses were this unaffordable was 2006
The last time houses were this unaffordable was 2006
Home affordability is nearly as bad as it has ever been, creeping toward an all-time record amid mortgage interest rates greater than 5%.
The post The last time houses were this unaffordable was 2006 appeared first on HousingWire.
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Home affordability is nearly as bad as it has ever been, creeping toward an all-time record amid mortgage interest rates greater than 5%.
The post The last time houses were this unaffordable was 2006 appeared first on HousingWire.
Home affordability is nearly as bad as it has ever been, creeping toward an all-time record amid mortgage interest rates greater than 5%.
The post The last time houses were this unaffordable was 2006 appeared first on HousingWire.
A report from International Business Times. “‘Until recently, not many people thought that housing was in a bubble,’ Tabitha Mazzara, Director of Operations at mortgage lender MBANC. But Dallas Fed researchers recently noted ‘abnormal US housing market behavior,’ ‘reasons for…
A report from International Business Times. “‘Until recently, not many people thought that housing was in a bubble,’ Tabitha Mazzara, Director of Operations at mortgage lender MBANC. But Dallas Fed researchers recently noted ‘abnormal US housing market behavior,’ ‘reasons for…
While the overall Milwaukee-area housing market continued a relative slowdown last month amid interest rate increases, the local market for luxury residential properties remained strong in September. See the top five most expensive Milwaukee-area houses sold in September.
While the overall Milwaukee-area housing market continued a relative slowdown last month amid interest rate increases, the local market for luxury residential properties remained strong in September. See the top five most expensive Milwaukee-area houses sold in September.
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this has people asking: Is today's housing market in the same predicament that it was over a decade ago, when the 2007-08 crash caused the Great Recession? The short answer is: no. America's housing market is in far better health today. That's thanks, in part, to new lending regulations that resulted from...
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this has people asking: Is today's housing market in the same predicament that it was over a decade ago, when the 2007-08 crash caused the Great Recession? The short answer is: no. America's housing market is in far better health today. That's thanks, in part, to new lending regulations that resulted from...
IS THERE A CRASH COMING? WHY YOU SHOULDN’T BE WORRIED ABOUT A HOUSING MARKET BUBBLE POPPING There’s no doubt the real estate market has changed dramatically in recent years. Skyrocketing prices, huge increases in interest rates, eviction moratoria during the pandemic, and changes in lenders’ comfort and flexibility have all made it significantly more difficult for real estate investors to enjoy the successes that were commonplace as recently as five years ago. So what does this all mean?...
IS THERE A CRASH COMING? WHY YOU SHOULDN’T BE WORRIED ABOUT A HOUSING MARKET BUBBLE POPPING There’s no doubt the real estate market has changed dramatically in recent years. Skyrocketing prices, huge increases in interest rates, eviction moratoria during the pandemic, and changes in lenders’ comfort and flexibility have all made it significantly more difficult for real estate investors to enjoy the successes that were commonplace as recently as five years ago. So what does this all mean?...
This Was Once The Eighth Wonder Of The World The 200-foot dome that spans the atrium at the West Baden Springs Hotel is jaw-dropping.Visit Indiana The 200-foot dome that spans the atrium at the West Baden Springs Hotel is jaw-dropping. When it opened for business on September 15, 1902, the newly constructed West Baden Springs Hotel in southern Indiana was hailed as the Eighth Wonder of the World. Indeed, it is hard to overstate the drama of looking down into the atrium from one of the rooms enci...
This Was Once The Eighth Wonder Of The World The 200-foot dome that spans the atrium at the West Baden Springs Hotel is jaw-dropping.Visit Indiana The 200-foot dome that spans the atrium at the West Baden Springs Hotel is jaw-dropping. When it opened for business on September 15, 1902, the newly constructed West Baden Springs Hotel in southern Indiana was hailed as the Eighth Wonder of the World. Indeed, it is hard to overstate the drama of looking down into the atrium from one of the rooms enci...
The real estate market has been on fire recently, so you may understandably be wondering if now is a good time to...
The post What to Expect from the Housing Market This Spring appeared first on MortgageDepot.
The real estate market has been on fire recently, so you may understandably be wondering if now is a good time to...
The post What to Expect from the Housing Market This Spring appeared first on MortgageDepot.
Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% decline in July 2010, during the Great Recession. The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become e...
Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% decline in July 2010, during the Great Recession. The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become e...
Monthly mortgage payments are up nearly $500 since last year and more than double what they were a decade ago.
Monthly mortgage payments are up nearly $500 since last year and more than double what they were a decade ago.
February wasn't a fun month for rates, largely thanks to a surprise uptick in core inflation. On that point, both CPI and PCE agreed, but many analysts pointed out the issue of seasonal distortions that occasionally affects January's price indices. As the month's remaining data sang a somewhat softer tone, this became easier to imagine--or at least to hope for. While the new week begins without any scheduled econ data, Tuesday brings our first real opportunity to see whether the last CPI w...
February wasn't a fun month for rates, largely thanks to a surprise uptick in core inflation. On that point, both CPI and PCE agreed, but many analysts pointed out the issue of seasonal distortions that occasionally affects January's price indices. As the month's remaining data sang a somewhat softer tone, this became easier to imagine--or at least to hope for. While the new week begins without any scheduled econ data, Tuesday brings our first real opportunity to see whether the last CPI w...