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...
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, 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, 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, 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...
As short-term political motivation sullies the sanctity of central banking, presumptuous open market meddling, unrestrained by the boundaries of logic, makes a ticking time bomb of Federal Funds. It’s time we meditate on circumstance, accounting for the rational and the hardly so. Let’s see: inflation without spending? A stagnant, yet expanded money supply? At what point did capitalism become so...