Mortgage Interest Rates & Purchasing Power
BY BRAD BECKETT ON OCTOBER 13, 2022
Recently, the news has been full of headlines about rising interest rates and how they will affect potential home buyers. The folks over at Keeping Current Matters reminds us that rising rates impact purchasing power by raising the buying costs as well as limiting how much a buyer can comfortably afford. Click here to read more.
Read moreStock of Occupied Homes in the U.S. by Decade Built and Building Type
BY BRAD BECKETT ON OCTOBER 12, 2022
A recent “chart of the week” from the Mortgage Bankers Association illustrates the current stock of occupied homes in the U.S. by the decade built and by building type. Click here to read more.
Read moreCities Where For Sale Inventory is Dropping Most
BY BRAD BECKETT ON OCTOBER 10, 2022
A recent report from Realtor.com says “there are still deals available” but you need to know where to look for them. Their report reveals the cities where homes are selling briskly, competition remains fierce, and available homes are scarcer than peak COVID-19-era toilet paper – in other words, metros where housing inventory is falling instead of piling up. Click here to read more.
Read moreLand for Housing is Short Because of Land-Use Restrictions & Lack of Infrastructure
BY BRAD BECKETT ON OCTOBER 6, 2022
A recent article in the Wall Street Journal says land for housing is in short supply because of land-use restrictions and lack of infrastructure. They say land-use restrictions and a lack of public investment in roads, rail and other infrastructure have made it harder than ever for developers to find sites near big population centers to build homes. Click here to read more.
Read moreIs Your Rental Applicant Hiding Behind an Alias?
BY BRAD BECKETT ON OCTOBER 6, 2022
On a recent episode of the Rent Perfect podcast David Pickron says one thing that is critical to being a successful landlord is knowing exactly who is applying as a tenant for your property. Click here to read more.
Read moreSelf-Storage Use by Generation
BY BRAD BECKETT ON SEPTEMBER 29, 2022
A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. Interestingly, members of Generation X are the most likely to need extra space for their stuff, followed by baby boomers and millennials. Click here to read more.
Read moreTheft-Proof Rehabbing
BY PETE YOUNGS ON SEPTEMBER 28, 2022
Pete Youngs says one of the most common things he runs across no matter where in the country their properties may be, is theft or vandalism. From neighborhood kids tagging with spray paint to full blown breaking & entering and burglary, you will want to avoid this if possible. Here are his suggestions. Click here to read more.
Read moreMortgage Rates Highest Since 2008
BY BRAD BECKETT ON SEPTEMBER 23, 2022
Infographic: We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008. Click here to read more.
Read moreWhere Do People Pay the Most in Property Taxes in 2022?
BY BRAD BECKETT ON SEPTEMBER 21, 2022
The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. Click here to read more.
Read moreWells Fargo to Pay $94 Million to Settle Mortgage Forbearance Class-Action
BY BRAD BECKETT ON SEPTEMBER 21, 2022
HousingWire is reporting that Wells Fargo agreed to pay $94 million to settle a class-action lawsuit that placed more than 200k mortgage borrowers into forbearance during the pandemic, unlawfully and without their consent. Click here to read more.
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