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Real Estate

“Mortgage rates near 8%, an ‘inventory crisis’: Homebuyers face a ‘tricky’ market, expert says”

“…With fewer people selling their houses, she said, there is now an “inventory crisis.” “We’ve seen a crunch — our first-time homebuyers are struggling,” she added… Mortgage rates are currently approaching 8%, the highest level in decades, and have priced many first-time… Continue Reading…

Real Estate

“Mortgage demand from homebuyers surges 40% from a year ago amid sales spree”

“Mortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. The year-on-year comparison is usually in single… Continue Reading…