Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

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Housing Wire

JUNE 21, 2022

million , down 3.4% Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. The only way this happens is higher rates. from last year.

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Housing Wire

FEBRUARY 26, 2021

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. Already a member?

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Housing Wire

MARCH 16, 2022

On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. Job gains have been strong in recent months, and the unemployment rate has declined substantially. 3: The inverted yield curve. Recession red flag No.

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Housing Wire

SEPTEMBER 21, 2022

Buyers and sellers alike have now anchored their expectation of “normal” to sub-3% mortgage rates, multiple-offer bidding wars, and double-digit annual price growth. So, if this time it’s different, what are the forces that will drive the housing market forward or hold it back? The tailwinds. The reason?

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Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry.

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Housing Wire

JANUARY 27, 2022

I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. I am a bond market guy because, to the core, I am an economics person first, so my discussions are more about the 10-year yield and the economic cycle versus mortgage-backed securities.

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Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Toronto Realty Blog

FEBRUARY 22, 2024

I’ve never known a “Gina” but I sure know which 1990’s sitcom that comes from… Here’s an up-to-date five-year chart of the Canadian inflation rate: Wow. Almost back to the pre-pandemic pace, eh? And when the second or third rate cut comes, look out, real estate market… …sorry.

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Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. Slowing down the pace, Miller said, is the average interest rate on a 30-year-fixed rate mortgage — 3.09% by late October, according to Freddie Mac , after it hovered below 3% for most of 2021. Rising interest rates.

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Keeping Current Matters

AUGUST 26, 2021

Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on their monthly mortgage payments. The buyer could build their net worth by $1,830 each month – after paying their mortgage.

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Lighter Side of Real Estate

DECEMBER 13, 2023

mortgage rates will come down. So the recent news that ING Economics predicts that The Federal Reserve will cut rates 6 times starting in the second quarter of 2024 is probably music to your ears! However, when The Federal Reserve raises or lowers rates, it doesn’t directly impact mortgages.

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Lighter Side of Real Estate

AUGUST 9, 2022

Even though mortgage rates dipped below 5% this past week , they’re still higher than they were just a few short months ago. This has priced some home buyers out of the market, and caused others to take a wait-and-see approach, hoping for rates to drop back down to historically low levels.

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Toronto Realty Blog

APRIL 29, 2024

My mortgage is up for renewal in November of 2024. I closed on my current home in August of 2018 and at the time I had a variable rate. But the funny thing about variable versus fixed rates is that they can fluctuate and the gap between them can expand or contract. Where In The World Are Those Rate Cuts?

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Toronto Realty Blog

JANUARY 11, 2024

Forget about the fact that most of these “new” listings are re-lists from last fall, but the fact that my gut instinct is not to scroll down and look at the specs, but rather to see if this property is truly new or a re-list, tells you all you need to know about the quality of inventory out there. That’s a bad sign!

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Lighter Side of Real Estate

DECEMBER 27, 2022

While there’s a lot of chatter about real estate prices coming down, according to this Forbes article , home prices are still 6% higher than they were last year, when prices were considered historically high. However, it also speculates that a drop in prices could happen depending upon what happens with mortgage rates moving forward.

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Realty Biz

AUGUST 26, 2022

That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage. These are known as ‘underwater’ mortgages. We are not going to see a glut of home values fall below the value of the mortgage. Here’s why….

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Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. In this article, we review 3 alternative financing options for the home buyer that has bad credit. In this article, we review 3 alternative financing options for the home buyer that has bad credit. What is a Bad Credit Score?

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Toronto Realty Blog

APRIL 18, 2024

“Weak Condo Market In Downtown Toronto Leads To Dip In Rental Rates, Increased Vacancy” Globe & Mail February 7th, 2024 That headline definitely jives with what I saw and felt over the past three months, and you’ll see this shortly in the Q1 rental stats. s (CMHC) rental market report. Belleville, eh?

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Toronto Realty Blog

JUNE 20, 2022

That was the headline of the article. The previous regime of the US Federal Reserve was trying to combat both recessionary pressures and inflation simultaneously, with interest rates being lowered and raised like a yo-yo, making a mess of the financial markets, consumer expectations and understanding, and the price of goods and services.

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The Close

FEBRUARY 20, 2024

and break down the important concepts for you to explain to your clients. You might want to ask your managing broker if they remember (perhaps back when they were an agent) what the market was like 15 years ago. The dark red areas notated on the map below have a severe housing shortage. Times have changed! We’ve got you covered.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates.

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Point2Homes

JULY 5, 2021

This can make or break your dreams of homeownership, so it’s important to understand just what is the ideal credit score you need to secure a mortgage. One of the first questions you need to ask yourself when looking to get a mortgage is whether your credit score meets the lender’s requirements. A VA loan is backed by the U.S.

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Realty Biz

OCTOBER 14, 2021

The key here is that speculators drive prices up and then dump the property back on the market for a quick profit. The first quarter of 2021 average rate of return was 37.8%, compared to 41.8% The number of flips that occurred during the same time was also down. It has consistently remained below 3% since then.

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The Close

JUNE 22, 2023

Related Articles 7 Critical Parts of Every Real Estate Investment Business Plan How Smart Investors Decipher & Respond to Real Estate Market Cycles 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year Is Right Now Really a Good Time to Invest in Real Estate? and prices are down 1.7% It’s a fair question!

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Broke Agent Media

MAY 18, 2023

The article also revealed that only 56% of Americans think home prices are going up—down from 70% in 2022 and 71% in 2021 but up from 40% in 2020. The most recent figure is 56%—down from 70% the prior year. When you break down the numbers for a variety of scenarios (monthly payments, length of homeownership, etc.)

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Toronto Realty Blog

SEPTEMBER 6, 2022

My wife and I both agreed, back in 2013, that a mere one week Honeymoon in the Bahamas would be too short, and that’s why we decided to stay for a full two weeks. I’m genuinely looking forward to getting back into a routine, although some of that has more to do with a rough string of health and body issues of late.

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Housing Wire

DECEMBER 20, 2021

COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down! Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The forecast. The backstory.

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Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Step 1: Understand what percentage of your income should go toward your mortgage . The first step is understanding how much you can afford to spend on a mortgage. Determine your debt to income ratio (DTI).

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Toronto Realty Blog

JULY 4, 2022

Canada Day has also passed us by, and before we know it, we’ll be planning for back-to-school in September. In May, we saw 18,679 new listings, which was on par with April and down from March. In June of 2021, we saw 16,189 new listings, down from May, April, and the peak of over 22,000 in March. ” Very true.

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Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. The housing market is one sector that can turn positive or negative very quickly depending on mortgage rates or one-time shocks like we saw with COVID-19. Bond market and mortgage rates.

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Realty Biz

SEPTEMBER 24, 2020

And interest rates remain at historical lows. Both are strong reasons motivating homeowners to refinance mortgages and pull out cash. A cash-out refinance replaces your current home loan with a new mortgage that’s higher than your outstanding loan balance (based on a new appraisal). Why Refinancing Might Make Sense Right Now.

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The Close

NOVEMBER 25, 2022

In this article, I will help you decide just that. 3 Reasons Becoming a Military Relocation Professional Is an Ideal Niche. Step 3: Learn Lead Generation & Marketing Strategies to Attract Military Buyers & Sellers. But is it the right niche for you? They are not moving by choice! Easy financing through VA loans.

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GeekEstate

MAY 9, 2022

[Editor’s Note: Below is the full text of our 209th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on April 7th, 2022. Some links included below are to members-only articles.]. This worrying trend can be explained: Lack of access to training opportunities.

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The Close

AUGUST 17, 2022

After the emails, we’ll give you eight expert tips for boosting your email and response rates. My schedule fills up quickly these days, so click below to reserve a time on my calendar below. Click below to schedule a call later this week. Click below to schedule an appointment. copy to clipboard. copy to clipboard.

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Housing Wire

APRIL 13, 2022

In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry.

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The Close

AUGUST 18, 2022

And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more. Related Article.

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