Mortgage Delinquencies Increase in Q4 2022
[ad_1] 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 […]
The U.S. Cities that are Drowning in Debt
[ad_1] 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 […]
Redfin Says Investors Buying Half as Many Homes as They Were a Year Ago
[ad_1] 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 […]
CoreLogic: Home Prices Up 6.9% Year-Over-Year
[ad_1] 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 […]