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The Housing Shortage Is Worse Than Ever—And Will Take A Decade Of Record Construction To Fix, New Reports Say
...units of housing, the report estimated. To make up the shortage, the NAR report says the U.S. would have to build 2.1 million homes each year for a decade—more than it built each year during......

Intense housing market conditions relax (a bit) in May
...homes got scooped up at breakneck speeds, diminished affordability cut down on home buyer competition in May and helped alleviate the supply crunch. Bidding wars occurred on 70.4% of listings......

5 things you need to know about inflation, increasing prices and interest rates
...5% from a year earlier  -- its sharpest increase since the US housing market crashed more than a decade ago.  That's not the same kind of dramatic rise in prices we saw at the beginning of......

Lumber Prices Are Dropping Fast
...traders expect that prices will remain relatively high due to the strong housing market, but that the supply bottlenecks and frenzied buying that characterized the economy’s reopening and sent......

Time to Act: ‘The State of America’s Housing Stock Is Dire’
...is needed to address the decades of underinvestment and underbuilding in the housing market, according to a report released on Wednesday by the National Association of REALTORS® and the Rosen......

Change Of Tone: Fed’s More Hawkish Views On Inflation, Future Rates, Bring Pressure On Stocks
...from a possible rate perspective. They include next week’s existing and new home sales for May, which might provide more insight into whether housing is cooling off at all after almost a year......

Fannie Mae makes sizeable cuts to purchase mortgage estimates
Fannie Mae significantly reduced its second and third quarter home sales estimates as supply-side factors — such as the low number of listings for existing residences and limits on new construction......

Is The 20% Mortgage Home Down Payment Dead In 2021?
...YOU The flip side here is if you are in a cheaper housing market. If you can’t come up with the 20% on a $100,000 home, you should take a closer look ......

Federal Reserve Meeting: Get Ready For More Inflation
...not. Temporary factors include the higher lumber prices , which come as low mortgage rates enable some people to buy houses ahead of when they otherwise would have. Car prices are rising because......

Home buyers are paying $1 million over asking price to get a house
...house hunt in one of the craziest markets in the country The housing market is so hot buyers are paying $1 million over asking price What about buying two homes just to live in one? Believe it......

Mortgage volumes rise again boosted by both purchases and refinances
After consecutive weeks of declines in mortgage applications, increases in both purchase and refinancing activity lifted total volume up for the first time since mid May, thanks to low interest......

Starts of U.S. homes increased slightly in May, permits eased
...shown no indication of raising interest rates in the near future, indicating mortgage rates may remain low for some time. Applications to build, a proxy for future construction, decreased to......

A wild housing market
...house hunt in one of the craziest markets in the country The housing market is so hot buyers are paying $1 million over asking price What about buying two homes just to live in one? Believe it......

IRA vs. CD: What’s the difference?
...Unlike CDs, IRAs are not insured by the Federal Deposit Insurance Corporation (FDIC) . IRAs are also for individuals only — you cannot open a joint account with another person. Additionally, IRAs......

Money market account vs. savings account: What’s the difference?
...Unlimited withdrawals* No No Check-writing No Yes Automated deposits possible Yes Yes FDIC/NCUA-insured Yes Yes *The Federal Reserve issued an “interim final rule” to suspend......

Opinion: Too many Americans can't afford homes. But there is a solution
...the need. Freddie Mac estimated that at the end of 2020, the housing market needed 3.8 million homes to meet demand. That's why we are calling for funding an additional one million affordable......

Mortgage Applications Increase in Latest MBA Weekly Survey Jun 16, 2021
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Mortgage rates for June 16, 2021: Rates go flat
Today a handful of important mortgage rates remained unchanged. If you're in the market for a home loan, see what that means for you. A variety of significant mortgage rates were flat. While......

Today’s Mortgage Rates: June 16, 2021—Mortgage Rates Stay Low
...home, it’s a good time to lock in a low rate. Mortgage rates remained unchanged today, keeping rates at historical lows. As of today, the average rate on a 30-year fixed mortgage is 3.11%......

Compare Today’s Mortgage & Refinance Rates, June 16th, 2021 | Rates remain low
...All rate data accurate as of Wednesday, June 16th, 2021 at 7:30am. Mortgage rates 30-year mortgage flat for the week The average rate for a 30-year fixed mortgage is 3.07 percent, unchanged......

Don't overlook these hidden costs when rushing to buy a home in a hot market
In a housing market where almost half of U.S. homes sell within a week and prices are climbing at a rapid clip, it’s easy for a buyer to overlook hidden costs......

A Pipeline of Retail And Hotel Foreclosures Is Forming
CMBS servicer commentaries suggest there may be a "significant pipeline" of properties that may go through foreclosure. The rate......

The Next 1000: Meet Our New Class Of Entrepreneurs Emerging From The Pandemic And Poised To Meet The Moment
...dollars in stimulus, coupled with cheap credit, stable banks and a high-flying housing market, ensured entrepreneurs had the capital and confidence needed to strike out on their own. And as the......

Home Price Surge - Boom Or Blip?
...with such high demand for housing. MORE FOR YOU Ultra-Low Interest Rates. Mortgage rates under three percent not only encourage home buying - they virtually demand that investors consider......

How to save on hardwood flooring costs
...the value of your home. According to the National Realtor Association’s (NAR) most recent Remodeling Impact Report , homeowners installing new wood flooring recouped 106 percent of the cost at......