July 6, 2022
“…New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales price for the second quarter rose to a record $1.25 million, according to data from the firms Miller Samuel… Continue Reading…
June 30, 2022
“EDITOR’S NOTE: The prices of homes are beginning to decline as recent economic data shows that home sales are generally weakening across the country (despite a slight rise in today’s data, most likely due to a short-term relief in mortgage… Continue Reading…
June 23, 2022
“As central banks around the globe rapidly increase interest rates, soaring borrowing costs mean people who were already stretching to buy property are finally reaching their limits. The effects are being seen in countries such as Canada, the United States… Continue Reading…
June 15, 2022
“Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That… Continue Reading…
June 14, 2022
“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…
May 17, 2022
“Elon Musk said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake. Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable daily active users… Continue Reading…
April 6, 2022
“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…
April 5, 2022
“EDITOR’S NOTE: “Existing” homes for sale may be in short supply but, in contrast, “new” homes for sale are booming. Builders are ramping up production on new homes despite continuing labor shortages and supply issues. In fact, new homes are… Continue Reading…
February 18, 2022
“Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3% lower compared with… Continue Reading…
January 14, 2022
“EDITOR’S NOTE: If employers paid their workers produce or livestock instead of promissory notes (that’s what fiat money is), then workers would immediately notice if the quality of the produce or livestock is dwindling. The food wouldn’t taste right, and the… Continue Reading…
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