Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time homebuyers in a serious bind. For the first time since records began, first-time homebuyers made up the smallest …
by confoundedinterest17 The Federal Reserve is doing Archie Bell and The Drells “Do The Tighten Up!” Over the fourth quarter, significant net shares of banks reported having tightened standards on C&I loans to firms of all sizes. Banks also reported having tightened all …
Being a first-time homebuyer can be difficult. There are many things to consider, including your budget, preferred mortgage company, and ideal neighborhood. When you’re embarking on this unfamiliar journey for the first time, it can be reassuring to know what …
by BtcKing1111 Pre-construction buyers of an estimated 950,000 units across 286 project sites are refusing to pay mortgages on buildings that have stalled construction for more than a year, since Evergrande’s collapse. This totals an estimated USD $100 billion in …
by Boo_Randy Chinese homebuyers have to pre-pay for their apartments…and now with Chinese property developers going broke left and right, millions of Chinese “investors” are left holding the bag. So now a bunch of them are refusing to keep making …
by confoundedinterest17 Yes, homebuyers are jumping into a generally slowing housing market to “beat the heat.” That is, beat The Fed’s monetary tightening. Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
In America we just tax the f*ck out of the citizens so they can be offered all kinds of government programs. The Ontario government is hiking its tax on foreign homebuyers ahead of a provincial election campaign where affordability is …
by confoundedinterest17 Joe Biden is seriously dropping in the polls like a paralyzed falcon. A negative 38 – 53 percent job approval rating. Ugh. Now apparently no one wants to live near Joe’s compound in Delaware either. Or maybe they are afraid …
Mortgage applications to purchase a home fell 4% last week from the previous week. The average purchase application size hit $411,400 — the highest since February. The average rate for 30-year fixed-rate mortgages increased to 3.15% from 3.11% Sky-high home …