Housing Market Cooling To Feb 2020 Levels
Zonda’s New Home Pending Sales Index for June 2022 finds the housing market cooling to levels seen in February 2020. The New Home PSI posted a reading of 125.5 for… Read more »
Author Archives: Rod Patershuk
Housing Starts Fall to Two-Year Low
According to the latest U.S. Census Bureau and the U.S. Department of Housing and Urban Development new residential construction statistics for June 2022, privately‐owned housing starts were at a seasonally… Read more »
43% of homeowners have delayed home improvements and maintenance due to inflation. Here’s why that’s risky
Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making… Read more »
Fannie Mae Predicts Lower Home Sales, Originations in 2022-2023
Price, Market equilibrium, Economy, Law of supply, Balance scale According to a new report from Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and elevated… Read more »
Rates Surge In Largest One-Week Increase On Record
Mortgage rates exploded this week, rising from an average of 5.23% to 5.78%, Freddie Mac reported Thursday. It is the largest one-week increase in the history of the GSE’s survey,… Read more »
Study Finds Americans Possess Minimal Knowledge of Housing Matters
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more… Read more »
Mortgage Rates Surge Ahead of Fed Rate Increase
As the nation sat and waited for the Fed to raise rates, the 30-year fixed-rate mortgage (FRM) wasted no time getting a jump on the Fed’s news, jumping to an… Read more »
5 Reasons Home Equity Loans Are Coming Back
This piece originally appeared in the April 2022 edition of MReport magazine, online now. After more than two years of a pandemic-inspired housing boom, the housing market is quickly shifting… Read more »
30-year fixed mortgage crosses 5%
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that… Read more »
Made a profit selling your home? Here’s how to avoid a tax bomb this filing season
Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the… Read more »