U.S. housing market faces '5-percent' test NEW YORK (Reuters) - The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years. Even as home prices have climbed steadily thanks largely to a … Continue reading 5% Interest Rates
~ Where do you fall? ~ How people of all ages define the American dream The American dream is alive and well. Nearly 60% of respondents surveyed in Bank of the West's 2018 Millennial Study believe they have attained the American dream or believe that it's still attainable today. This feeling is widespread across all … Continue reading How people of all ages define the American dream
The Fed just made life even worse for homebuyers As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising. And even Canada plays a foil: Tariffs on lumber have sent the price of construction … Continue reading Did it just get harder for homebuyers?
~ agree? Click on link below for full article ~ We Have Learned Nothing From The Mortgage Market Meltdown A sold sign is shown outside a single-family home on the market in Denver in March 2018. (AP Photo/David Zalubowski) In the decade before the 2008 financial crisis household debt increased greatly while the quality … Continue reading 2008 Financial Crisis and lessons learned
Amazon is hurtling head-first into yet another industry Getty Images / Scott Olson Amazon and homebuilder Lennar announced Wednesday that they're collaborating on a series of model homes that will be fully technology-enabled. The houses will make heavy use of Amazon's Alexa technology, which residents will be able to use to control the television, lights, … Continue reading Where is Amazon Headed Next?
Local Borrowing Trends Released – Can Inland Empire Households Survive Rising Interest Rates? Inland Empire, CA – Can Inland Empire consumers absorb higher lending costs for purchasing homes, making repairs, remodeling, buying automobiles, attending school, surviving life events, and other borrowing decisions if interest rates continue rising as expected? “It depends,” said Dwight Johnston, chief economist for the … Continue reading Can Inland Empire Households Survive Rising Rates?
~ a little jealous that Riverside is not the list as I bought my 1st home here in 1998, but our value has tripled and we have a long term rental that will last well into our retirement 😉 ~ If You Bought a Home in 1998 in One of These 10 Cities, You Might … Continue reading Did you buy a home in 1998 in these cities?
California measure could spur more seniors to sell homes, easing the state's housing crunch A California voter measure that expands the portability of a property tax break for homeowners age 55 and up could help ease the state's housing shortage. Supporters say passage of the measure could encourage older homeowners with larger homes to downsize … Continue reading California measure could spur more seniors to sell homes, easing the state’s housing crunch
~check out this article from Bigger Pockets writer Brett Lee~ An FHA-Financed Duplex is an Ideal First Investment Property: Here’s Why The hardest part of getting into real estate investing is where to start. I’ve been there, and it’s stressful because it’s a big decision. I made a lot of rookie mistakes just like most new … Continue reading FHA-Financed Duplex
~ a payment at the below interest rate of 4.46% would be $1410 for a $350,000 home with 20% down, not including taxes and insurance. The article states the rate at 4.21% from one year ago which would be $1370 for the same parameters. That's a $40 increase which adds up especially when buying a … Continue reading US mortgage rates climb to 4-year high