TAMPA, Fla. – People facing Tampa’s housing crisis are getting much-needed help. The city, along with Tampa Mayor Jane Castor, hosted a special homeownership conference at the Tampa Convention Center on Saturday to help interested buyers find solutions amid a devastating housing crisis. Everyone from lenders and banks to real …
Read More »Out of 50 major housing markets in America, just 6 now have more new real estate listings now than before the pandemic. Here’s what that might mean
San Francisco is one of the areas with more new listings now than pre-pandemic. Getty Images Even as mortgage rates continue their upward climb (see the lowest rates you can qualify for here), home prices have continued to rise. And one big factor in those rising home prices is that …
Read More »Best and Worst Spots in the U.S. Housing Market, According to Lennar
Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of …
Read More »8 Home-building and Steel Stocks That Offer Substantial Value
Looking for the cheapest stocks in the market now? Two industries stand out: home builders and steel makers. Barron’s screened for the 10 stocks in the S&P 500 index, S&P Midcap 400, and S&P Smallcap 600 with the lowest price/earnings ratios based on projected 2022 earnings, using consensus estimates from …
Read More »Should the Fed start selling its mortgage holdings at a loss to fortify its inflation fight?
Yet a big question still facing investors, lenders and anyone trying to navigate the still-hot housing market is whether the Federal Reserve will start selling its trove of mortgage holdings to fortify its inflation fight. The central bank is so far trying to counter inflation by more traditional means: raising …
Read More »30-year mortgage rates dip below 6%, but there is ‘risk of a quick reversal’
What will happen to mortgage rates in the near future? Getty Images While rates on 30-year fixed mortgages remained above the 6% mark for most of the last two weeks, for the second day in a row this week, mortgage rates dropped below 6%. Indeed, the average rate on 30-year …
Read More »Past-Due Mortgages Fall to Third Consecutive Record Low in May; Serious Delinquencies, Foreclosure Starts See Continued Improvement
The national delinquency rate fell five basis points from April to 2.75% in May, continuing the downward trend in overall delinquencies of the prior two months and marking yet another new low Following typical seasonal patterns, early-stage delinquencies – borrowers who have missed a single mortgage payment – edged marginally …
Read More »Rising prices, fewer vacancies keep Lexington housing, rental markets competitive
LEXINGTON, Ky. (WKYT) – Buying a house is part of the American dream, but experts continue to say it can be a tougher dream to achieve right now in Lexington – especially for first-time home buyers who find themselves in a competitive market with rising prices. “It is a little …
Read More »Mortgage rates have fallen slightly. What to know to save more on your mortgage
These are the latest mortgage rates Getty Images For roughly a week now, the average rate on a 30-year fixed mortgage was above 6%, according to Bankrate data — but the latest numbers show that rates have dipped below 6%. Indeed, data released today from Bankrate shows that the average …
Read More »‘Until inflation peaks, mortgage rates won’t either.’ We asked 3 economists and real estate pros: Will mortgage rates climb higher this summer?
What will happen to mortgage rates this summer? Getty Images In June, rates on the 30-year fixed-rate mortgage climbed above 6%, according to Bankrate data. This comes as inflation stubbornly sits at a 40-year high and the Fed has raised rates multiple times in an attempt to curb it. So …
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