This week in rental property is a weekly review of curated articles by the RentPost team. Stay clued in on what’s happening in the rental industry!
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...