Loans101

06/27/2023

May 2023 brought 4.30 million in sales, a median sales price of $396,100, and 3.0 months of inventory. http://spr.ly/6185OC22l

12/29/2022

I don't think many people realized how good they had it with 2 or 3 percent rates!

10/23/2022

Red Lights Flashing on the housing market: 🚨🚨🚨

Business Insider: "Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get."

"There's going to be a coast-to-coast downturn in the housing market. It's going to be brutal. No part of the market is immune," a Moody's economist said.

10/23/2022

Yikes 😲

Economists expect home prices to slide sharply in 2023 as soaring mortgage rates chase away buyers.

10/22/2022

Are you experiencing any of these housing market challenges in your area?

Yahoo Finance

The housing market is now the worst of all possible worlds: Affordability is terrible, but sagging demand hasn't yet brought prices down.

10/19/2022

Redfin: Home Sales & Listings Plunge 20%

Redfin reports about 60,000 deals were called off, equal to 17% of homes that went under contract—the highest share on record aside from March…...

10/14/2022

Food for thought. Pretty devastating!

10/14/2022

Mortgage rates just hit a 20-year high. How's the housing market doing in your area?

Mortgage rates have more than doubled this year as the Federal Reserve has moved to combat inflation.

10/12/2022

09/15/2022

What rates are you getting?

Mortgage applications fell again this week, the Mortgage Bankers Association said, with homebuyers staying on the sidelines as interest rates rise.

08/29/2022

Is America on the verge of a house price collapse? 😲

"-Boise, Idaho; Charlotte, North Carolina and Austin, Texas were the three most overvalued areas in the United States, according to Moody's Analytics

-Moody's found that found that 183 of the nation's 413 largest regional housing markets are 'overvalued' by more than 25 percent

-If a recession hits, house prices in those 183 regions could plummet by as much as 20 percent, Moody's predicted

-If there is not a recession, they will still fall 10-15 percent, the analysts believe - echoing other experts

-The housing inventory is at its highest level since April 2009, as sellers struggle to get rid of their property because mortgages have become more expensive

-Mortgage rates have nearly doubled since January, rising to 5.13 percent for a 30-year loan as of last week, according to Freddie Mac"

Boise, Idaho; Charlotte, North Carolina and Austin, Texas are the three most overvalued places in the U.S. for property prices, according to Moody's. They expect prices to plummet.

08/20/2022

"We're witnessing a housing recession in terms of declining home sales and home building"

08/14/2022

According to NAR, buying a home in America is now the LEAST affordable it's been in 33 years as average mortgage payments rose to $1,944 in June compared to $1,297 in January due to higher rates and record home prices.

The National Association of Realtors found the US housing-affordability index - fell to 98.5 last June, the lowest recorded in 33 years as America contends with high mortgage rates and home prices.

07/21/2022

🧐

So True!

07/21/2022

CNBC's Diana Olick joins Squawk Box to report on mortgage demand, which has just hit a 22-year low as buyers worry about high interest rates and inflation.

07/20/2022

Existing-home sales peaked in January 2022 and sales have been dropping for five consecutive months.

07/20/2022

Mortgage demand hit the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.