Real estate
Demand for riskier home loans is high as interest rates soar
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the […]
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It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to […]
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China’s tech stocks are tumbling, but quick sellers have a various sector in their sights
Chinese tech shares proceed to be overwhelmed down , but quick sellers appear to be targeting yet another sector recognized for its large valuations: true estate. The real estate business in China experienced the premier raise in brief offering as opposed to other sectors in the third quarter, in accordance to details analytics organization S3 […]
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Here’s how uber-rich pass wealth to heirs tax-free when markets are down
Year-end Planning Here’s how uber-rich pass wealth to heirs tax-free when markets are down Published Mon, Oct 10 20221:44 PM EDTUpdated 2 Min Ago Greg Iacurci@GregIacurci WATCH LIVE Source
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These are the 10 states where renters are most behind on payments — and high-cost California didn’t make the list
South Dakota has the highest percentage of renters behind on payments, at 26%, according to a new study. Pictured, Mount Rushmore National Monument. Photo by Mike Kline (notkalvin) Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households, […]
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Apartment demand unexpectedly fell during its busiest season, according to a new report
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It’s the first time the rental technology platform has recorded a third-quarter drop in the 30 years it’s been tracking the metric. Demand fell by more than 82,000 units nationally, according to the report. […]
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A $150 million beach home for sale would be the Hamptons’ priciest ever — if it can find a buyer
An oceanfront estate in Southampton, listed at $150 million, stands as the priciest home for sale in the Hamptons — and is struggling to move off the market. The compound, called La Dune, is likely to be used as a summer home and draws from a tiny pool of buyers, probably billionaires, who could afford […]
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Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage […]
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High mortgage rates, tight supply and economic uncertainty: Here’s what’s happening with home prices
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing more expensive for anyone needing […]
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Home finance loan mayhem sparks fears of a housing market place crash in Britain
U.K. mortgage prices have skyrocketed because Finance Minister Kwasi Kwarteng’s mini-price range on Sept. 23, prompting banks to pull house loan merchandise threatening a deepen an predicted housing industry downturn. Dan Kitwood | Getty Illustrations or photos LONDON — There are rising fears of a housing industry crash in the U.K., just after a swathe […]
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