After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. related investing news Bond king Gundlach says the Fed should not do more rate hikes
Month: December 2022
The Federal Reserve raised its target federal funds rate by 0.5 percentage points at the end of its two-day meeting Wednesday in a continued effort to cool inflation. Although this marks a more typical hike compared to the super-size 0.75 percentage point moves at each of the last four meetings, the central bank is far from
Petri Oeschge | Getty Images SEATTLE — If you’re living together before marriage or committed long-term without plans to tie the knot, you’ll need to prepare for the future — or you may face challenges later, experts say. There are “rising rates of cohabitation,” with many couples skipping marriage because “they don’t see the benefit,”
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of the November’s
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according
Nearly two years trying, John Travolta is having a tough time selling his 20-bedroom, eight-bathroom mansion in Maine. The star first listed the home in February 2021 — seven months following the death of his wife Kelly Preston. Located in Isleboro, Travolta has kept the initial $5 million price tag, despite a brief moment off
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For the second consecutive month, Corelogic upwardly revised their real estate market predictions over the next 12 months. In today’s housing market forecast summary, I share all the details as well as the 5 markets Corelogic believes will most likely see home prices decline on a year over year basis over the next 12 months.
For most markets in the country, the past year has been a rollercoaster of changing market factors that have left many agents and consumers very confused. So, is the 2023 market heading for the same trajectory? Will it get better or worse if a recession is called? In this week’s Deep Dive, Kate Rezabek delivers
The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation. The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last four meetings. This would push
The second dump of Twitter files has been delayed after a shocking revelation about the first. This is regarding information that new owner Elon Musk promised showing how Twitter has censored content in the past. On Tuesday, journalist Matt Taibbi explained it thusly: After the first round of Twitter files showed us how executives inside
Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties
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EPB Premium Services: https://epbresearch.com/services/ Home prices are declining across the United States. It’s no longer a debate whether or not home prices will fall; the only question now is how much and where because home prices are certainly not falling equally across the whole country. This video will look into where US home prices will
First, they told us that the housing market was fine, and the rapid spike in prices was a healthy sign. Then, they were forced to admit that we were in the largest housing bubble ever. And now, the Dallas Fed is warning that a 20% correction is likely to occur, even though home prices have
Brookfield’s Far West Side leasing juggernaut snatched another marquee tenant from central Midtown. In the latest coup, law firm Crowell & Moring just signed for 71,000 square feet at Two Manhattan West, where it will move next year from a slightly smaller space at 590 Madison Ave. The deal reaffirms the phenomenon of companies ankling to newly constructed
There’s life in the Times Square office market despite recent exits of several large tenants. Trend-setting lab-made jewelry chain Pandora is moving its US headquarters from Baltimore to 1540 Broadway, the former Bertelsmann Building, taking 27,936 square feet on the 35th floor. The asking rent on the 15-year lease was $82 per square foot, sources said. A
The U.S. military is having a climate conference this week but, physician, heal thyself! The military is in a geopolitical war with Russia but they are an enormous carbon emitter. In fact, over 80% of the U.S. government’s energy consumption is gobbled up by the military. We will never hit climate change goals as long
There are basically an unlimited amount of different ways you can invest in an apartment complex, depending on asset type, property class, location, investment strategy, and more. Finding the right investment strategy for you is very important. In my experience, the best commercial real estate investment strategies are: • The Commercial BRRRR (hat tip to
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Are you a first time home buyer interested in buying a house using an fha loan in the 2023 housing market? What are the most recent FHA loan requirements for 2023? What credit scores do you need? How long do you need to be employed? How much downpayment does FHA require? What are the pros
We’re sewing a huge shift in the US housing market over the past several months. For example, the share of reduced priced listings has doubled over the past 6.5 months and we’re seeing huge gains in the number of houses for sale. Housing inventory has risen on a year over year basis for the past
Itsskin | E+ | Getty Images Thinking about retiring to another state? You’re not alone. A United Van Lines study found the percentage of people retiring to a new state had increased to 18.3% in 2021, up from 13.4% in 2015. Making the move is not a straightforward decision, however, as there are myriad financial
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when
Europe just announced a $60 per barrel of oil cap against Russian oil at the same time Putin and China are increasing trade. Europe is facing a slow boiling energy disaster. Meanwhile OPEC+ says they’re not changing anything which means 2 million barrels of oil will continue to be slashed from daily output. All Putin
Are you confused about where real estate prices are headed in the future? Many of us are, and Ken breaks down the underlying causes of the recent price declines and makes his best forecast of where things are headed in 2023. Check out the video for the details! Want to ask Ken a question? Join
Discover 10 sure-fire routes to failing miserably in real estate. This style of communication is from Charlie Munger, who gave a graduation speech on how to have a miserable life. 0:00 Invert Always Invert 0:36 1 Victim Mentality 1:24 2 Argue Your Limitations 2:02 3 Issues Signal Failure 3:13 4 Don’t Spend Money on Marketing
Tarek and Christina find a Tustin, CA home worth about $800,000 and flip it to be worth over a million dollars! #FlipOrFlop #HGTV #HouseFlipping Find more great content from HGTV: Stream full episodes and more: http://watch.hgtv.com/ Get ideas and inspiration: https://www.hgtv.com/ Subscribe to HGTV on YouTube: http://www.youtube.com/subscription_center?add_user=hgtv Follow HGTV on Twitter: http://www.twitter.com/hgtv Like HGTV on