According to the Mortgage Bankers Association’s recent National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.96 percent of all loans outstanding at the end of Q4 2022. The MBA says the delinquency rate was up 51 basis points from Q3 but still down […]
Charles is the Chief Operating Officer for the National Real Estate Investors Association, where he focuses on Government Affairs. national reia
Homebuyers looking in Florida have been in a state of sticker SHOCK at the lack of affordability. The south has been the darling of … source
FLORIDA ON SALE!! – TOP 5 CITIES TO FIND A REAL ESTATE DEAL IN 2023 Read More »
Statista says 50 out of the 75 largest cities in the U.S. are currently running a deficit and, in some cases, a pretty hefty one. Today’s chart illustrates those cities with the highest municipal debts per taxpayer. Indeed….Stay safe and have a Happy Friday!! “…despite being obligated to pay employees’ pension and retiree health care
SECURE Act 2.0: What it Means for Americans’ Retirement SavingHere are some of the changes coming to retirement plans due to the SECURE Act 2.0. By John Bowens, Director, Head of Education and Investor Success, Equity Trust Company President Biden signed the 2023 Consolidated Appropriations Act, an Omnibus Bill, on December 29, 2022. Included in
SECURE Act 2.0: What it Means for Americans’ Retirement Saving Read More »
A new report from Redfin says that investor purchases of U.S. homes fell a record 45.8% year over year in Q4 2022. They said the high cost of borrowing money and the prospect of substantial home-price declines have made real estate investing less attractive. In addition, they point out that the 2nd biggest decline on
Redfin Says Investors Buying Half as Many Homes as They Were a Year Ago Read More »
The National Association of Realtors is reporting that, in Q4 2022, seven of the 10 metro areas with the most significant percentage gains in existing single-family home prices were in Florida, North or South Carolina and the others were in New Mexico, Texas, and Wisconsin. And, as we’ve recently seen, those are the places people
Metro Areas With Largest Percent Gain in Home Prices in Q4 2022 Read More »
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022. On a month-over-month basis, home prices declined by 0.4% in December compared with November 2022. CoreLogic predicts that home prices will decrease on a month-over-month basis by 0.2% from December
According to Black Knight’s “first look” report for December, 2022, the national delinquency rate on first lien mortgages increased to 3.08% in December, but finished the year 30 basis points (-9%) below its December 2021 level. Black Knight says foreclosure starts increased by 15% in December to 26,900 – which was the third consecutive increase,
Foreclosure Starts Increased 15% in December ’22 Read More »
Currently, your feed might be exploding with terms like “Recession”, “Recession-Proof”, “Inflation”, “Unemployment” and whatnot! But what exactly is this Recession and why is it essential for you to become Recession-Proof and Resourceful? What is a Recession? A Recession is a period of economic decline, typically characterized by a decline in GDP, an increase in