A weekend topic starting with Greenwich Time. "To much of the world, Greenwich is an enclave of the rich and powerful, the standard for Connecticut’s 'gold coast.' To satirists, it is a target for their humor. That was the case…
A weekend topic starting with Bankrate. "'Effectively, increased mortgage rates reduce conventional buyers’ buying power by 9% to 10% to 11%, pending their debt-to-income ratio,' said Baron Christopher Hanson of Echo Fine Properties. 'Pre-approved buyers for $500,000 to $1 million…
It's Friday desk clearing time for this blogger. "Until recently, experts haven't widely supported the possibility of a housing bubble about to burst, especially in states like Utah. Dejan Eskic, at the University of Utah told the Deseret News on…
A report from the Missourian. "Realtors and lenders in Franklin County said demand for housing remains strong even with inflated costs. The price of houses have gone up dramatically in the last few years. Cory Davis with RE/MAX Gold in…
A report from Bloomberg. "U.S. home prices shows signs of becoming 'unhinged from fundamentals' like they did in the housing bubble that preceded the 2008 crash, according to a blog post by the Dallas Federal Reserve bank. 'Our evidence points…
A report from Fox 5 New York. "It's news any seller would want to hear: offers on their home are pouring in, many above the asking price. 'The offers are coming in before the homes are even on the market,'…
A report from the Australian Financial Review. "Dixon Advisory’s troubled US Masters Residential Property Fund, or URF, is set to be liquidated after its parent E&P Financial accepted an offer to sell 'substantially all' of its residential property assets in…
A report from the Herald Journal. "What used to be outrageous is now the norm in Utah’s housing market. Erika Wiggins, an agent who specializes in the Sugar House neighborhood in Salt Lake City, said one of her clients offered…
A report from CBS News. "The average mortgage rate jumped to 4.42% for the week ended March 24, according to Freddie Mac. That's a more than a one percentage-point jump since January 2022. Ian Shepherdson, chief economist at Pantheon Macroeconomics,…
It's Friday desk clearing time for this blogger. "A sudden rise in mortgage rates pushed the average 30-year rate to 4.42% this week. It’s a stunning jump that harks back to the sharp loss in borrowing power during the infamous…