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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. Only 0.65% of exits to date have been into other resolutions, which would include short sales and deed-in-lieus.

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This savagely unhealthy housing market needs higher rates

Housing Wire

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. We still have some legs to move lower in sales. Inventory is always seasonal. million and 1.93

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Need to sell your house fast? Here are 7 great options

Housing Wire

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

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What do economic trends mean for housing in 2023?

Housing Wire

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Mortgage underwriting standards were much tighter for the past decade than in the era preceding the 2008 financial crisis. To register, go here. In March 2023, it was just 2.2

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

Not even 5% mortgage rates in 2018 budged this data line too much. We have had people on forbearance already sell their homes and move onto the next stage of their life in a new home. Higher mortgage rates haven’t materialized as expected. Recently, I wrote an article saying Americans’ mortgage debt is great again.

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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. before COVID) stage. In time, markets always find balance and balance is a good thing. However, for A.D.

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