real estate

Mortgage Market Update – Rates up 1/4 point. What now?

By Doug Katz – 9/23/2022 From Freddie Mac The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011. Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains …

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Mortgages Explained – VA Loans: Entitlement, Multiple Loans and Subsequent Use

By Doug Katz – 9/21/2022 VA Loans are unique in many ways.  One that befuddles everyone outside of the lending industry and even some in the industry is entitlement and the rules regarding multiple loans and subsequent use.  I hope that I can explain it to demystify the concepts, highlight some of the challenges that …

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New VA Loan Limits Give Veterans the Chance to Save Money

By Douglas Katz – 09/21/2022 On the heels of last week’s announcement regarding the increase in loan limits for conforming conventional loans, i.e. what Fannie Mae and Freddie Mac will allow, many lenders have also updated their allowable limits for VA Loans.  This was expected, but the release of these limits as an official policy …

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Mortgage Market Update – More of the Same for Mortgage Rates

By Doug Katz – 9/16/2022 Per Freddie Mac: Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price …

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Housing and Divorce – Do It Yourself or Do It With a Pro?

By Douglas Katz – 09/02/2022 There are many choices when it comes to divorce.  Many people default to what they know or have seen with full legal representation. There are, however, other options these days ranging from pro se, basically DIY to full representation as well as other options and hybrid approaches which meld characteristics …

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The National Association of Home Builders Reports Low Point Among Builder Confidence

ORIGINALLY PUBLISHED ON REDLEG FUNDING BLOG – ADDITIONAL COMMENTARY ADDED. By Douglas Katz – 08/14/2022 Mortgage rates continue the upward trend slowing buyer activity, to include new construction. Builders are reacting to market conditions with a lower confidence which has been the case for almost a year. Inflation and other negative market conditions are pointing …

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Mortgage Market Update – Rates Reverse Recent Declines

By Douglas Katz – 08/12/2022 Per Freddie Mac: The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility remains persistent. Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during the pandemic to a …

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As the Housing Market Deteriorates for Sellers, Divorcing Couples Need to Take Heed

By Douglas Katz – 08/10/2022 Realtor.com reported this week that listings have grown at a rate of 30.7% from the same time in 2021.  This is great news for the market in general as we move toward a more balanced market, but makes things complex for divorcing couples. When analyzed with other indicators such as …

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Single Family Housing Starts Drop by 8.1% in June – How Will it Impact Buyers?

By Douglas Katz – 07/19/2022 The government released data this week pointing to a discernable drop in housing starts, i.e. new construction.  The overall reported drop was around 2%.  Single family housing starts were more pronounced with a drop of 8.1%.  This drop is likely ties to builders waning confidence in the housing market and …

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CNBC: “Homebuyers are canceling deals at the highest rate since the start of the pandemic.”

By Douglas Katz – 07/11/2022   CNBC recently reported that deal cancellations have risen to 15%.  This is applicable to new and existing homes and, while not a harbinger of doom, it does reflect a sea change for the market.  Killing deals was unheard of just a few months ago when homebuyers were willing to …

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