Most experts agree- the U.S. housing market still has tons of opportunities for home buyers… but those opportunities won’t last forever. Especially with the rate increase announced by the Fed this week, it makes more sense to buy now rather than continue renting and miss out on more growth. TWiRP The Housing Market Hasn’t Peaked Yet Despite what your uncle may have told you, the...
This week in rental property, mortgage rates slipped for the third straight week. While the Fed is signalling to raise interest rates later this month, the Wall Street Journal gave a talk on how the U.S. housing fundamentals will withstand the interest increase. The New York Times analyzed the trend in Chinese investments on U.S. housing market. Many economists have predicted the housing market...
This week in rental property, average 30-year fixed mortgage rate inched back to 3.95% from 3.97% a week earlier. Many analysts are expecting the era of under 4 percent mortgage rate to end soon. Rising home and rental prices are showing no sign of slowing down and pulling back sales of existing homes in October. UBS announced 12 most attractive housing markets around the globe. Lastly, Google is...
We’ve recently pushed out a series of updates around balances within the RentPost system. These updates have included a lot of core changes that enable us to provide faster load times and increased accuracy of balances across the various pages and portals. Over the next few months you’ll start to see more balance related terminology used within RentPost. Already visible on your...
This week in rental property, mortgage rates rose up to 3.98 percent in in anticipation of a Federal Reserve rate hike next month. Housing market is recovering but the number of first-time home buyers are at the lowest point in 28 years. HomeUnion announced top 10 investment markets in the U.S. for single-family rentals and Coldwell Banker’s released this year’s annual Home Listing...
This week in rental property, mortgage rates slipped to 3.76 percent with the Federal Reserve keeping its key short-term interest rate at a record low. Mortgage applications were down by 3.5% in September amid low fixed mortgage rates. Growing number of investors are shorting the Canada’s housing market. U.S. rental prices cooled in September but still rose above the inflation rate. Lastly...
This week in rental property, fixed mortgage rates sharply dropped to the lowest level in six months. Historically low mortgage rates and high home values are spurring cash-out refinancing. Chinese are now the top foreign buyers of U.S. properties, and nearly half of them are paying cash. According to a survey, property managers are expecting rents to rise as much as 8 percent next year. Freddie...
In this week’s rental property, average U.S. 30-year fixed mortgage rates slightly declined to 3.85 percent from 3.86 percent a week earlier. The Wall Street Journal had a Q&A session with Zillow’s chief economist discussing some of the current issues around real estate. According to Realtor.com, millennials are showing a different behavioral pattern in the housing market. Urban...
This week in rental property, the 30-year fixed mortgage rate fell to 3.86 percent from last week’s 3.91 percent. New mortgage forms will be mandated from October 3rd. The New York Times talks in details about the new disclosure rules and the Washington Post provides professionals’ thoughts on what the new mortgage closing process means for consumers. The talk around the rental...
This week in rental property, average long-term U.S. mortgage rates inched up to 3.91 percent from last week’s 3.90 percent. Federal Reserve announced to keep interest rates unchanged. Forbes and Fidelity discusses the significance of the Fed’s decision. Also, we capture Janet Yellen’s quote on the housing market from her press conference earlier this week. NAHB drills down on...
This week in rental property, average mortgage rates inched up before next week’s Federal Reserve announcement. Wall Street Journal argues that the recovery of housing sector isn’t contributing much to overall US economic growth, while Bloomberg suggests a different point of view. NBC news reports big investors are buying more new homes for rental purposes. Based on Trulia’s...
This Week in Rental Property, the 30-year mortgage rates rose up to 3.89 percent rebounding from last week’s sharp decline. Experts and researchers are expecting an influx of Chinese investors into the U.S. real-estate market due to Chinese yuan devaluation and the stock market turmoil. A study by John Burns Real Estate Consulting revealed that in most areas of the country, home-ownership...
This week in rental property, in a week marked by a stock market turmoil from Asia, average 30-year mortgage rates dropped to 3.84% from 3.93%. We take a close look at the Chinese stock market turmoil with an article from Economist. Consequently, Chinese investors are trying to protect their wealth by diversifying their assets by buying US real estate. Then, listen to domestic fundamentals on why...
This week in rental property, mortgage rates fell below 4% after the Federal Reserve signaled to increase interest rates this year. CNBC cited the expected effects of the Fed’s rate hike. Once again, U.S. home rental prices rose in June with the homeownership rate down to the lowest level in 48 years. According to a study, Airbnb is making even harder to find apartments in New York City...
This week in rental property, a Novel laureate, Robert J. Shiller cited that the housing market isn’t rational on the New York Times. Due to the uncertainty in the world economy, 30-year fixed mortgage rate fell 0.05 percent from last week. According to Freddie Mac report, West Coast states provides the lowest mortgage rates. U.S. home resales rose in June to the highest level in 8 and 1/2...
This week in rental property, 30-year fixed mortgage rates rose to 4.09 percent. With home prices rising back to its pre-recession state, limits on jumbo mortgages for single-family residence may be raised for the first time in a decade. Forbes conducted a talk on how the SCOTUS ruling on same-sex marriage will affect the housing market. Though it was released in May, we thought it was worthwhile...
This week in rental property, the 30-year fixed mortgage rate slipped to 4.04 percent with the rising concerns on the world economy. HUD announces new fair housing rules to strengthen fair housing practice. CNBC gave an outlook on the housing market for the second half of the year. Interestingly, HUD released a report on housing market recovery with a different narrative. Big institutional...
This week in rental property, mortgage rates climbed up to the highest levels for the year. We take a look at some of the reactions towards the last week’s controversial Supreme Court ruling on Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. More and more studies are showing the age shift will affect the housing market. This week, Fannie Mae found that...
Harvard recently published a study regarding housing the United States. Topics covered included housing markets, demographics, homeownership, the rental market, and housing challenges. What are some trends, opportunities, and challenges that were presented in the study, and what does this mean for owners, investors, and property managers? Housing Trends 01: Homeownership Down, Rentals Up...
This week in rental property, long term mortgage rate edged up to 4.02 percent. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. According to a report release on Wednesday by Harvard University’s Joint Center for Housing Studies, more Americans are renting as homeownership falls for eight straight years...
This week in rental property, mortgage rates pulled back by 0.04 percent from last week’s 4.04 percent to 4.00 percent. On Wednesday, the Federal Reserve announced that it plans to raise interest rates later this year. We take a look at the LA Times article on the effects of federal funds rate on the economy and the Wall Street Journal’s article on how to get ready for rising interest rates. Then...
This week in rental property, 30-year fixed mortgage rates has climbed over 4% for the first time this year. With this in mind, we take a look at the trend in homeownership rate written by the Wall Street Journal. Time.com says that renting a home is the norm for the new households. A study shows that renters who invest are better off buyers. Meanwhile, large West Coast cities offered the best...
This week in rental property, 30-year fixed mortgage rates remained at the highest level of the year, at 3.87 percent. CNBC covers how the market is responding to the upward trend of the rates. Business Insider compares the behavioral difference of homeowners of today and the past. With the rate on the rise, U.S. News & World Report says that now is the time to refinance mortgages and...
This week in rental property, 30-year fixed mortgages rates climbed to the highest levels of the year. Next, multifamily market developers and commercial real estate executives share their sentiments on the market expectations. Then we look at 17 markets where rents are booming. Refinancing is overtaking new purchase loans due to the under 4% mortgage rates. Lastly, real estate crowdfunding is...
This week in rental property, mortgage rates for 30-year fixed mortgages declined this week in the midst of a climbing trend. Forbes.com article talks why the interest rates are on the rise. Even though the interest rates are pointing upwards, Forbes.com gives a deep analysis on 5 reasons why U.S. real estate market should continue to recover. Next, Auction.com Research Report announces...