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Tag: mortgage rates

Six Signs That We Are Nearing 2008-Like Housing Bubble

Tue Aug 17, 2021 by on Real Estate

Six Signs That We Are Nearing 2008-Like Housing Bubble

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 […]

Home Equity and The Pandemic Driven Housing Boom

Thu Dec 10, 2020 by on Real Estate

Home Equity and The Pandemic Driven Housing Boom

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 […]

Housing Availability: Supply Demand Economics

Mon Oct 26, 2020 by on Real Estate

Housing Availability: Supply Demand Economics

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 […]

Historical Low Mortgage Rates Provide for Personal Elections

Wed Feb 19, 2020 by on Florida Real Estate & Real Estate

Mortgage rates at All Time low

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 […]

“Interest”-ing: Low Rates and Refinancing

Thu Aug 8, 2019 by on Loan Modification

“Interest”-ing: Low Rates and Refinancing

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 […]