A report from the Record Courier. "A lack of inventory, low interest rates and eager buyers have sent Douglas County home prices into the stratosphere. Nevada Board of Realtors President Brad Spires said that the median price per square foot…
It's Friday desk clearing time for this blogger. "Realtors Jera Banks and Adam Bailey said virtually every part of the Phoenix area is seeing the high demand. This demand is something we have never seen before, according to experts. But…
It's Friday desk clearing time for this blogger. "Four years ago, Alexandra West bought a house in Sacramento, California, for just under $300,000. She agreed to a five-month lease, starting at the end of January 2020. 'She owes well north…
It's Friday desk clearing time for this blogger. "Gary Yard is a 56-year-old West Springfield homeowner facing foreclosure. When he and his wife took out a second mortgage on their three-family home in 2010, their interest rate jumped from 7.9%…
It's Friday desk clearing time for this blogger. "A wave of foreclosures is likely coming that will hit low-income homeowners. As of August, over 10% of the eight million single-family mortgages backed by the Federal Housing Administration were delinquent by…
A report from Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being disastrous is the boom in mortgage refinancings.…
It's Friday desk clearing time for this blogger. "Credit tightening is becoming more evident according to the Mortgage Bankers Association. Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting explained. 'Mortgage credit supply dropped again in June, as…
A report from WBAL TV in Maryland. "Brian Coleman, a senior home loan consultant with Main Street Home Loans, said average mortgage and refinance rates are under 3%. 'It's helping people with their purchasing power -- you can afford a…
It's Friday desk clearing time for this blogger. "Guy Therien saw a house on a five-acre property outside of Sherwood last year that he says was beyond his wildest dreams. The Parrett Mountain estate was for sale, but he couldn’t…
A report from The M Report. "The U.S. Census Bureau’s New Residential Construction Survey found that while building permits grew in July by 8.4%, housing starts fell 4% in July to 1.91 million. Odeta Kushi, Chief Economist for First American…