What if before you lay down thousands for a downpayment or sign a 30-year mortgage in today’s uncertain housing market you had a clearer idea of the flooding, extreme heat Read more
Tag: Real Estate/Property
Consumers turn to credit cards, personal loans to get by during inflation: data
People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
Home builders struggle to find buyers as cancellations by developers rise: ‘The build-for-rent market is going to become increasingly important’
It’s a tough time to be selling a home. That’s also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers. “Mortgage applications have been Read more
Who really suffers when interest rates rise?
The Federal Reserve is raised interest rates by 75 basis points on Nov. 2 for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Read more
BofA cuts home price growth to 0% for next 2-3 years, but still sees no major distress unfolding
Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
Want to make your vote count more in the midterms? Register at your vacation home address
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. The first Read more
‘There’s no doubt the housing market received a significant shock’: U.K. house prices fall further
U.K. house prices fell at its fastest rate in October in 21 months, after mortgage rates soared in reaction to the ill-fated mini budget. According to the latest data from Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
‘It’s kind of a perfect storm in those markets’: Rent growth is declining in these Sunbelt cities
The Sunbelt’s hottest pandemic rental markets are chilling out. The Sunbelt — a region that includes the southeastern and southwestern U.S. states— hosted many of the country’s fastest-growing markets for multifamily Read more
If I sell my rental I can pay off my primary mortgage and be debt-free. Is that a good idea in this housing market?
Dear MarketWatch, I have a rental property that’s worth $175,000, and I owe $53,000. My primary home is worth $265,000 and has $108,000 left on the mortgage. My question is Read more