A major bank failure has scared investors. It’s unclear if things will get worse, but financial stress could lower mortgage rates and push the Fed to reconsider rate increases.
A Michigan city claims six chickens can’t qualify as emotional-support animals, but a federal judge said “maybe” – and that only a jury can decide.
One year ago, mortgage rates started their rise, and people scrambled to buy homes. That means stats comparing March 2023 to March 2022 won’t make a lot of sense.
In a heated political era, no one can predict what the final 2024 U.S. budget will look like, but the White House’s initial proposal boosts a number of housing programs.
Job reports, hourly earnings and price data suggest inflation may be slowing even as bank troubles stir recession fears. But a bond-price drop could help lower mortgage rates.
In 4Q 2022, builders found a “persistent shift in buyer preferences to live outside of densely populated areas” with the share of new urban homes dropping to 44.5%.
If homeowners with an FHA loan default, they may still be able to keep the house through a mortgage modification, which now includes a 40-year option.
In an open letter to the housing industry, HUD Sec. Fudge asks members to nix things like application fees, though she also hints at possible legislative changes.
A major housing bill strongly backed by Florida Realtors passed the Fla. Senate Wed. The House may suggest changes, but it’s a good start early in the 2023 session.
It’s okay for others to say you “really know how to stretch a dollar.” Bootstrapping means finding tools that maximize your services while minimizing costs.
