Posts Tagged ‘homeownership’
Home Builders Shift Toward Smaller U.S. Markets Continues
Based on the National Association of Home Builders latest Home Building Geography Index, there has been a shift in home building activity over the past 30 months, with notable slowing in large, metro urban areas as a result of initial Covid migration effects followed by declines in housing affordability in high-cost and highly regulated markets as…
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Big landlords jump into the homebuilding business as demand for single-family rentals surges
As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas. “This market is very undersupplied. There are not enough quality homes for the…
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New Program Gives Florida Homeowners Solar Panels And Battery Backup For $0
Power companies are not happy that homeowners are taking advantage of huge government solar programs to save $1,000’s in electricity costs. These Solar Programs may cover up to 100% of the installation cost. Why now, you ask? Good question. In just the past year or two, solar panels and battery storage costs have dropped fast, allowing solar to become…
Read More1 in 4 U.S. Home Sellers Nationwide Now Lowering Asking Prices in June
Fast rising mortgage rates, economic uncertainty negatively impact home sales and prices mid 2022 According to national property broker Redfin, nearly two-thirds (61.5%) of homes for sale in Boise, ID had a price drop in June 2022.That’s the highest share of the 97 U.S. metros in Redfin’s analysis. Price drops have become a common feature…
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Mortgage Credit Availability in U.S. Dips in June
Based on a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability decreased in June 2022, according to the Mortgage Credit Availability Index (MCAI). The MCAI fell by 0.3 percent to 119.6 in June. A decline in the MCAI indicates that lending standards are tightening, while increases…
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Moves that homebuyers can still make to find a lower mortgage rate
After dropping to record lows in 2020 and 2021, mortgage rates are back up. Way up. While the past few weeks saw a reversal in the surge, at near 6%, current mortgage rates are still almost double what some homebuyers were paying in recent years. With soaring inflation and the possibility of further rate increases, some homebuyers…
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Housing Market Competition in U.S. Eases This Summer
Homebuyers getting relief as sellers slash their prices at a record rate in mid-2022 Based on new data from national property broker Redfin, after years of tipping heavily in sellers’ favor, the scales of the U.S. housing market are finally balancing out. Soaring housing costs caused many house hunters to drop out in recent months,…
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Mortgage Applications Slightly Uptick in Late June
According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending June 24, 2022, U.S. mortgage applications increased 0.7 percent from one week earlier. This week’s results include an adjustment for the observance of the Juneteenth holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.7 percent on a…
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Biden Takes Aim at Appraisal Bias, Housing Disparities
The Biden administration is zeroing in on homeownership and small business development as avenues to close racial wealth gaps, announcing a spate of new programs Tuesday aimed at supporting communities of color and disadvantaged neighborhoods. The announcement comes on the centennial of the “Black Wall Street” massacre in Tulsa, Okla., a racist attack on a…
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Here’s how to fight a higher-than-expected property tax bill
If the value of your home ballooned during the Covid pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes only increased by 1.8% in 2021, with an average payment of $3,785 annually, according…
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