According to the latest Multifamily Market Survey by the National Association of Home Builders, builder confidence in the market for new multifamily housing was in positive territory for the second quarter. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the second quarter while the Multifamily Occupancy…
According to the Mortgage Bankers Association’s latest Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter of 2023, an improvement from the reported loss of $1,972 per loan in the first quarter of 2023.…
Based on Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 7.09 percent, reaching its highest level in over twenty years in mid-August. “The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s Chief Economist. “The…
According to new CBRE data, Brisbane has emerged as an Asia Pacific leader in the office leasing stakes, ranking second only to Seoul when it comes to growth in the city’s tenancy base over the past 18 months. In a new report, CBRE highlights that a robust return to the office coupled with a solid…
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date. Knight Frank also states that…
Observations, rants, theories, speculation on future market movement, experiences, offer heartbreak, buyer fatigue, seller drama, mortgage drama, appraisal drama, anecdotes, new construction builder shenanigans, rate predictions, frustration with seller listing price strategy, crystal balls, and so on, that you may not feel warrant their own threads, but you want to get it off your chest.…
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I’ve been looking for a bit and toured a really nice house on Friday. It’s small and simple, and in the absolute perfect neighborhood for me. Just found out my offer was accepted, even thought it was a bit lower than the other competing offer. Pretty sure I’m going to puke 🙂 I know this…
Hello everyone. Earlier this month I had an offer accepted, but after the inspection it appeared to need 50k+ in work on an 85k house, as well as having radon poisoning. I decided to back out at that point, and even graciously offered to let them see the inspection reports that I paid $650 for.…
I’ll [30m] try to keep this as short as I can, but I’m trying to get all the information in. Thank you for reading if you do. I’ve been mulling over this for a long time and could use some advice. I was lucky enough to purchase a nice house in 2021 with a mortgage…