The Opendoor Technologies Inc. website on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Thursday, March 4, 2021. Opendoor Technologies Inc., pioneer of an algorithm-driven method of flipping homes, is embracing a new way to wield its software: helping buyers make cash offers. Photographer: Gabby Jones/BloombergGabby Jones/Bloomberg Opendoor Technologies Inc. … [Read more…]
New home sales edged a little further out of a lengthy slump in January, topping 600,000 units for the second straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed single-family homes were at a seasonally adjusted annual level of 670,000. This was up 7.2 percent from Decemberâs rate of 625,000 units and the best performance since last March. Sales remained 19.4 percent below the annualized total of 831,000 in January 2022. [newhomesall] Analysts polled by Econoday had projected sales at 617,000. Trading Economics was slightly higher at 620,000 units. On an unadjusted basis, there were 59,000 homes sold during the month. The December total was 47,000. New home sales in 2002 totaled 641,000. The year end figure for 2021 was 771,000. At the end if January there were an estimated 439,000 single-family homes available for sale, projected at a 7.9 month supply at the current sales pace. This is down from an 8.7 month supply i n December but 39 percent higher than the 5,7 month inventory a year earlier, Homes sold during the month at a median price of $427,500 and an average of $474,400. The sales prices in January 2022 were $430,500 and $501,200, respectively. The South was responsible for all of the monthâs sales gains. The region posted a 17.1 percent increase from Decemberâs sales while remaining 2.2 percent below the prior January level. Sales in the Northeast fell 19.4 percent and 13.8 percent below the two earlier periods.
New home sales rose for the second consecutive month in January, reaching the strongest sales pace recorded since March 2022.
These days, mortgage rates arenât as cheap as they used to be. And that is the understatement of the century. The 30-year fixed is currently priced around 7%, more than double the ~3% rate offered in early 2022. That has mortgage lenders scrambling to separate themselves from the crowd amid a shrinking pool of eligible… Read More »Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future?
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We caught up with FHA Commissioner Julia Gordon to talk about the expected impact of the 30 bps premium cuts.
There are usually ways to save money each month — believe it or not.
For instance, once upon a time, my husband and I were pretty clueless when it came to how we spent the money we earned at our 9 to 5 jobs. We made a decent income but struggled to keep track of where it was all going and, more importantly, why it always managed to disappear into thin air. I won’t bore you with the details again, but we ultimately discovered that we were spending ridiculous sums of cash on groceries and eating out, home repairs, and miscellaneous frivolous purchases. But how did we find that out? Now, that is the interesting part.
Once we decided that we needed to make a change, we poured through bank statements from previous months and began tracking our current spending. This led to a plethora or discoveries — including the realization that we were eating out more than we were eating at home and were much deeper in debt than we knew. Still, we kept digging through data and strategizing a plan for debt repayment and escape. However, as we put all of our efforts into figuring out how to create some sort of budget, I realized something. Our incomes were fluctuating — a lot. With that juicy detail in mind, we talked endlessly about what we were going to do about it. After all, how could we budget without knowing how much money we would make in any given month? And how could we create a plan of action when the most crucial piece of data (our income) was missing? My light-bulb moment came when it dawned on me that, instead of budgeting on this month’s income, we could build a budget based on what we earned last month instead.
Have you ever had your Amazon package delivered to the wrong address? Unfortunately, it happens. While it is not a common problem,…
Read More… Amazon Delivered to the Wrong Address? Here’s What to Do
Does your life feel pretty chaotic? Would you like to learn how to organize your life so that it is simpler and less stressful? Well, this blog post is for you! Life can be difficult, and I completely understand that. It can feel quite daunting to manage everything from paying bills, family life, retirement planning, […]
The post 20 Ways To Organize Your Life In 2023 appeared first on Making Sense Of Cents.
I’ve decided to grant myself the rest of the year off. But don’t worry, I’m extending the same privilege to YOU as well. As those of us in the North endure the coldest and darkest days of the year, everything seems to shut down. Some of this is a good thing – the holiday season […]