NAR: Home Prices Slowdown ‘Inevitable’
Chief Economist Yun said in an interview that it’s “just inevitable that home price appreciation will slow down in the upcoming months.”
Chief Economist Yun said in an interview that it’s “just inevitable that home price appreciation will slow down in the upcoming months.”
A MoneyWise survey found top recognition for “closing costs” by two-thirds of respondents, but only 38% know what “mortgage rate” means.
Mortgage rates tend to follow yields in 10-year government bonds, which have been sliding. Plus without many refinances, lenders have more money to move.
The average 30-year, fixed-rate mortgage was virtually unchanged this week, dropping from last week’s 5.1% to 5.09%. But the 15-year loan rate moved higher.
The “Fair Lending Oversight Data System” is now active but also open for public comments. Among other things, it will track appraiser names and license numbers.
Sellers of higher-end properties often interview three agents before making a decision. Listening – and asking open-ended questions – can move you to the top.
A week after the Florida Legislature took steps to limit attorney fees in assignment-of-benefit lawsuits, an association and company filed a constitutional challenge.
A storm hovering over Mexico may threaten Fla., and it’s time to prepare for the possibility of bad weather. The 2022 hurricane season started June 1 and ends Nov. 30.
Lawmakers revived “My Safe Florida Home.” Funded with $150M, homeowners can apply for $2 in aid for every $1 spent, but some details still need to be worked out.
New investors pay higher rates for acquisitions and higher mortgage rates too. As a result, some new investors are feeling pressured to keep increasing rents.