A report from Deseret News. "The Federal Reserve is expected to raise interest rates this week — likely by 0.25% — for the first time in three years. As a result, mortgage rates will rise, too. 'It’s bad,' said Dejan…
A report from Nerd Wallet. "On average, list prices fell 1% from the third quarter to the fourth, among the largest metro areas. However, some markets saw prices drop by double digits. Compared with the last quarter of 2020, prices…
A report from CBS 8 in California. "Trisha Cortez, 35, said she started her search for her first home with her partner back in 2021. They needed to move from the North Park property they had been renting for 10…
It's Friday desk clearing time for this blogger. "Freddie Mac's weekly mortgage rate survey rate is standby for multiple news organizations to print their once-a-week mortgage rate color. The bigger problem is that Freddie's survey headline often gives the wrong…
A report from Mortgage Professional America. "Santander Bank LLC, a Spain-based global banking group with more than 145 million customers in the US, will have laid off more than 50 employees by the first week of April, according to a…
A report from Market Watch. "Researchers pointed to Miami as an example for their argument. During the market’s peak in late 2006, buyers there paid nearly $340,000 on average to purchase a home. Only now are many of those buyers…
A report from the Sun Sentinel in Florida. "In the wee hours of Thursday morning, the folks who want a private 30-story condo built on a prized piece of taxpayer-owned beach in Hollywood went home without a deal. The project…
A weekend topic starting with the Post Register on Idaho. "As more people visit Island Park each year and more homeowners are turning their properties into short-term rentals. (Island Park’s year-round population was 262 in the 2020 Census.) Tourism in…
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
A weekend topic starting with Quartz. "The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign.…