I recently wrote that you should look for a mortgage before searching for a property to buy because unless you have lots of cash, youâre going to need a loan. Now letâs talk about what you should do before you apply for a mortgage to avoid common setbacks that could, well, set you back. 1. [&hellip
The post 10 Things You Should Do Before Applying for a Mortgage first appeared on The Truth About Mortgage.
SBI home loan interest rate at record low, no processing fee till March-end. Know details Mint
In the second quarter of 2020, the U.S. housing market hit an all-time high of $32.8 trillion, per The Federal Reserveâs Flow of Funds Report, as referenced in the latest Monthly Chartbook from the Urban Institute. That was up from roughly $32.4 trillion in the first quarter of 2020, thanks to an increase in home [&hellip
The post Value of U.S. Housing Market Hits Another All-Time High first appeared on The Truth About Mortgage.
Posted To: MND NewsWire
New home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department of Housing and Urban Development said newly constructed homes were sold in January at a seasonally adjusted annual rate of 923,000 units. This is an increase of 4.3 percent compared to the upwardly revised (from 842,000) rate of 885,000 in December and 19.3 percent above the estimate of 774,000 units in January 2020. Analysts polled by Econoday had projected sales to be flat compared to the December estimate, in a range of 809,000 to 905,000 units. Their consensus was 855,000 annualized sales. Robert Dietz, chief economist for the National Association of Home Builders, said “Housing affordability headwinds are rising for 2021, due to supply-side…(read more)
Image Source: Pexels Choosing the right mortgage is an integral part of the home buying process, and there are many options for you to consider. One of which is choosing between a 15-year or 30-year mortgage term. Both of these options have their positives and negatives, which weâll discuss in this article. What you choose […]
The post Is a Long or Short Term Mortgage Better for your Finances? appeared first on RealtyBizNews: Real Estate News.
Housing Lab is kicking off its second group of ventures to elevate creative solutions to the housing crisis and promote an equitable recovery from COVID-19. They are looking for solutions that address racial and economic inequities in the housing market Housing Lab offers: A $100,000…
The post Terner Housing Innovation Lab Launches Nationwide Search for Early-Stage Housing Affordability Innovators appeared first on GeekEstate Blog.
A gauge of U.S. pending home sales fell to a six-month low in January as buyers competed for a limited number of properties.