According to a recent CNBC article, applications for refinancing a mortgage went down by 1% during the first week of September, bringing the number of refinancing applications down to 83% of what they were at the same time last…
According to the National Association of Realtors (NAR), the Housing Affordability Index (HAI) for June fell to 98.5 — the lowest since June 1989, when the HAI was 98.3. This marked the ninth straight month of declines and the first…
Housing prices in the United States have fallen slightly by 0.1% in the month of July, according to Zillow, marking the first time in ten years that the prices of homes have fallen. While not a dramatic loss, this dip…
A combination of detrimental economic factors has led home builders to say that the United States may be headed into a “housing recession.” This is due to a variety of issues, including rising building costs and lower prices, that have made it less profitable for builders to begin projects. This has led to some fears that the cooling housing market will limit the number of home sales, and may be a sign of broader economic difficulties on the horizon.
One of the worst things that can happen when you are trying to buy a new home is finding out the property has a defective title. When that happens, it can throw your entire real estate transaction into chaos, and potentially lead to legal and financial trouble for both you and the seller. But how are you supposed to protect yourself if the title of the property you want to buy turns out to be defective?
June saw a massive increase in the availability of housing inventory, with the number of houses available for sale increasing 19% compared to the same time in 2021. This increase could help to alleviate a persistent shortage in the number of available houses, which has driven up prices and made competition for existing inventory fierce. It could also help to counter the effects of higher inflation and interest rates, which are driving the cost of real estate up.