Interesting trends are emerging in the US housing market as mortgage rates have increased over the past 1.5 months (from around 6% for an average 30yr fixed to 6.7%). On top of that, there’s more than 60% more homes for sale now compared to a year earlier. In today’s video, I share my own analysis
Selling Real Estate
Home sold prices dropped to a two year low for the California housing market as the number of homes for sale surged by 38% from last year. Based on my analysis of the California Association of Realtor’s data, the median sold price in the state has now declined by 18% over the past 9 months.
All signs point to massive foreclosures, unless…. a housing market bailout? FHA creates NEW 40 YEAR MORTGAGE modification to thwart neighborhood blight, 2008 style! Will we rent our home from the government one day? #realestatenews #foreclosures2023 #housingmarket2023 Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor. Any
A lot of people have been asking me what I think is going to happen, and if the housing market crash will be canceled due to the recent bank collapses. This video is my take on the whole situation, on who may want to consider buying during this economic meltdown, and who should not. Need
FHA green-lights the new 40 year home mortgage modification. How might this impact home prices and change the term of mortgages forever. Hear about this and more in our LIVE housing market update. We’re joined by Michael Bordenaro, Beachfront Realty in Miami, Florida to discuss this developing story. #housingmarketnews #realestatenews #40yearmortgage Todd Sachs is a
FHA approves restructure of existing home loans in default, extending mortgage terms to 40 years, allowing mortgagees to further reduce monthly payments. This and more in our housing market update. #housingmarketcrash #realestatenews #mortgagenews Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor. Any information provided in this
NEW housing market forecast! For the fourth time in the last 5 months, Corelogic upwardly revised their 12 month housing market forecast and real estate predictions. In today’s housing market forecast summary, I share all the details as well as the 5 markets Corelogic believes will most likely see home prices decline over the next
Housing Affordability is at the lowest level in a decade as a major recession indicator just flashed its loudest warning ever as Fed Chair Powell signals higher interest rates suggesting a hard landing could be coming. Will House Prices Crash or Stabilize along with inflation moderating? Will we see the pivot the FED Pivot in
The first annual drop in US home prices since 2012. US and Germany are at risk of a severe home price correction. And the US house price-to-income ratio in 2022 surpassed its peak level while local incomes no longer support inflated housing prices. is it all going down? Link to article: https://www.redfin.com/news/housing-market-update-home-sale-prices-fall-first-time/ To schedule a
Home prices in the US posted the biggest year-over-year decline in more than a decade this March. However, this doesn’t mean housing is more affordable. In fact, because average mortgage rates have surged from around 6% at the beginning of February to around 7% by early March, the average monthly housing payment that homebuyers are
CNBC’s Diana Olick on why the housing market is in deep trouble. With CNBC’s Sara Eisen and the Fast Money traders, Tim Seymour, Courtney Garcia, Jeff Mills and Steve Grasso
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Logan Mohtashami, lead analyst at Housing Wire, joins CNBC’s ‘Squawk Box’ to discuss the housing market’s current state. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
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