Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying …
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Fall is right around the corner, and as you start swapping your shorts and t-shirts for pants and sweaters, you may be wondering how you can make the most of the season this year. Fortunately, we’ve done our research, and there are plenty of ways …
The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes.
“The buyers are coming in because of the low interest rates …
View MoreBack in April, when the COVID-19 data and unemployment numbers were at their worst, the housing bubble boys had a halfway legitimate 2020 housing market crash thesis. If unemployment rates had stayed between 20%-30%, the economic damage down to homeowners would have been epic. This could have led to a …
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As the days grow shorter and we creep toward autumn, parents eagerly look forward to the time-honored tradition of sending their kids back to school. With kids finally out of the house and accounted for, maybe there’s even a little bit more time to linger over that …
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This story has been updated with reaction from industry trade groups.
The Federal Housing Finance Agency announced Tuesday it is postponing the date it will begin implementing its adverse market refinance fee to Dec. 1.
The FHFA directed Fannie Mae and Freddie Mac to delay …
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For the latest installment of @ The Market, @properties co-founders Thad Wong and Mike Golden took to the rooftop at Superior House, a new luxury condominium building in River North, to talk about a number …
Low housing inventory continues to drive higher home prices, with the average median home price climbing to a new high in July: $349,000. That’s 8.5% higher than last July, but when you consider the drop in housing inventory during the pandemic, it makes sense. In the nation’s …
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Mortgage rates fell to an all-time low on Thursday, according to the daily average tracked by Optimal Blue. The direction of interest rates this week will have a lot to do with what Federal Reserve Chairman Jerome Powell says at the end of the central bank’s …
View MoreMortgage rates have hit five new all-time lows in less than three months.
But don’t expect the winning streak to continue.
Our prediction: Mortgage rates will bottom out in August, then rise in anticipation of the 2020 U.S. election.
Want …
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