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Fannie Mae’s chief economist on housing market outlook

Housing Wire

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. Kim: Bankruptcies and layoffs are still happening.

FHA loan 476
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Opinion: How did homeowners get into home equity prison?

Housing Wire

For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank.

Equity 459
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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Motivated Sellers The motivated seller category is the submarket where you will find homeowners who are facing financial distresses like bankruptcy, foreclosure, and job loss or relocation. Here’s why: Fewer Financing Options Graph via Federal Reserve Bank of St. Since then, new construction has continued to trail behind demand.

Investor 116
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Preforeclosure and bank-owned properties, or REO. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Even a few bank-owned homes are starting to show up in the MLS. Bank-owned homes seem to be everywhere. Housing values. Rental rates.

Investor 105
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How Much Does a Home Appraisal Cost in Florida?

HomeLight

Although most of Pringle’s clients are banks, she also conducts appraisals for any individuals who need a home’s value for legal reasons, such as people going through a divorce, filing for bankruptcy, or settling an estate. I had a new construction townhouse that took me three days,” she says.

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7 Ways to Save Money on Your Homeowners Insurance

Realty Biz

Although it may seem tempting to drop or reduce your insurance coverage, particularly if you’re struggling with financial hardship or facing bankruptcy , having the right coverage in place can provide a lifeline if your home is suddenly damaged, broken into, or destroyed. Additionally, about two-thirds of all homes in the U.S.

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10 Tips to Be Successful in Real Estate Investing

Marco Santarelli

You need to find markets that are in the phase of expansion – where sales and prices are rising, affordability is good, construction is low and capital investment is rising. Peak new construction tends to occur past peak housing demand, which ultimately leads to temporary oversupply and lower prices.

Investor 111