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Diana Olick reports that after home sales dropped at the end of 2018, lower mortgage rates are causing buyers to swarm back.
Diana Olick reports on EasyKnock, a company that allows homeowners to access their equity by buying the homes—and allowing the homeowners to stay on as renters.
Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. EasyKnock, a barely two year old company, gives you cash for your home and lets you stay on as a renter.
Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index.
As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.
The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae.
Warehouse construction is booming, especially near large cities and transportation hubs. The national vacancy rate is 4.3 percent, the lowest in 20 years, according to CBRE.
Diana Olick explains why the partial government shutdown could be a hold on some mortgage applications.
Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October.
The index has plummeted nearly 20 points over the past year while buyers hesitate to purchase new homes even as mortgage rates have pulled back in recent weeks.
Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually.
This rental company offers fully furnished suites with nearly every item made in America. Guests have the option to make purchases in-suite with a scanner.
Patrick Flynn launched GoLocal Suites, which provides fully furnished rental suites where nearly everything inside is made in America.
Diana Olick reports on falling home equity due to rising mortgage rates.
A new study from Apartment List highlights the overall feelings millennials have towards purchasing a home.