Various economists are predicting that the home price growth will slow down. If this does not happen, home purchase prices will go further out of reach for homebuyers that the housing market overall will overheat. Already there is far more demand than supply, and far less affordable homes in reach of potential purchasers. While most of these economists prefer the […]
Tag: mortgage rates
Forecasters predict that we are on our way to a housing bubble reminiscent of 2008…but for different reasons. While the pandemic created a housing boom, with an increased demand in homes, resulting in shortages and bidding wars. Yet, this pandemic-era market is markedly different from the late 2000s housing frenzy. Then, the frenzy was due to questionable lending practices and […]
As home purchasers have experienced, home prices have remained incredibly strong during the pandemic due to increased demand and low supply. Several reasons are attributable to this housing boom. One, “work-school culture” has changed. The division between work and school being outside of the home blurred as more and more of us were able to work from home and schooled […]
For anyone who has been recently house-hunting, they will tell you the same story: the supply of available housing has decreased, increasing sale prices. According to a recent report, at the current sales pace, that represents only a 2.7-month housing supply which is the lowest since Realtors began tracking this number in 1982. While sales of existing homes rose higher […]
As the election season starts, the United States is starting to wonder who will be able to lead and help this country the most. But little do they know that this person could be him/herself, and everyone else contributing to the record high multitrillion dollar personal debt. Breaking Records Bloomberg reported, quoting a report from the Fed, that household borrowing increased […]
Trade Tensions and Stock Scares: In yet the latest escalation of trade tensions between China and the United States, this past weekend President Trump announced America will impose a 10% tariff on $300 billion of Chinese goods and China responded by suspending its purchase of US agricultural products and lowering the value of the yuan, its currency, to its weakest […]
Is this how the real estate bubble starts anew? With interest rates at historically low rates, Fifth Third Bank (5/3 Bank) is joining the growing list of mortgage lenders that are featuring low down payment mortgages. Except, Fifth Third Bank is now offering – for qualified borrowers – a mortgage with zero down payment!