It's Friday desk clearing time for this blogger. "California’s $5.2 billion pandemic rental relief fund is running out of money. 'Many owners have received no rent for months. They cannot pay their taxes, mortgages and other expenses if the rent…
A report from Yahoo Finance. "Much of the blame rests with the Fed for 'way overstaying their welcome with [quantitative easing] and zero rates and badly misreading inflation that they are now being forced to play catch up with,' said…
A report from Mediafeed. "One longstanding guideline for property investors that has been the subject of countless articles is 'the 1 percent rule in real estate.' The 1 percent rule is a formula that says the monthly rental should equal…
A report from the Philadelphia Inquirer in Pennsylvania. "For most families, owning property is the primary way they build wealth. As prices start to cool off over the next few years from sky-high growth, some people may find that their…
A weekend topic starting with Mortgage News Daily. "So why did rates spike on Friday? This is actually a bit of a trick question. Rates have been rising in general since late 2020. The current rate spike really began last…
A report from the Idaho Statesman. "Newly constructed homes in Ada County dropped from a median price of $601,301 in November to $579,990 in December. The relative affordability that once helped attract buyers from more expensive places has partially worn…
A report from KUTV Salt Lake City in Utah. "'We keep talking about housing crash, housing crash, housing crash,' said Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute — but he doesn’t see that happening. 'The…
A report from Go Banking Rates. "Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in…
A weekend topic starting with the Long Beach Business Journal in California. "The Long Beach housing market appears to be cooling slightly from its pandemic peak—at least as far as pricing goes. But lenders say interest in home finance is…
A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…