Simply Homes, Inc.’s Post

Mortgage rates crossed over 7% for the first time since December, hitting 7.04%, following positive employment and manufacturing reports. However, far down from the 20-year high of 8% in October, affordability remains a concern as low inventory is keeping competition and prices high. The future of rates depends on economic data and inflation. Ironically, if data continues to be favorable, rates may struggle to drop below 7%. Read more here: https://hubs.la/Q02kbdwp0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

📉🏠 The MBS Highway National Housing Index has taken a slight dip this October 2023, dropping to 35 from 42 in September 2023. But let's not forget - one year ago we were at 18! 🗓️🔙 Buyer activity has cooled a bit with mortgage rates climbing above the 7.5% mark. 📈💰 However, prices are standing strong thanks to the ongoing competition for the limited inventory available. 🏘️💪 The Northeast and Mid-Atlantic regions are leading the charge, while the Northwest and Southwest are taking things a bit slower. 🌎🔄 Stay updated with us for the latest trends in the housing market. 📊👀 NMLS# 1855668 #MortgageMarketNews #MortgageInTheKnow #HousingMarketUpdate #RealEstateTrends #MortgageRates #BuyerActivity #InventoryChallenge #HousingIndex #NortheastRealEstate #MidAtlanticRealEstate #MBSHighwayHousingSurvey #MBSHighwayHousingIndex #MBSHighway #MBSSocialShare#NorthwestRealEstate #SouthwestRealEstate #InnovativeMTGBrokers #MarketInsights #RealEstateNews

Considering a reverse mortgage? It's crucial to understand the risks involved. While it can provide income and allow you to stay in your home, legal experts emphasize the importance of reviewing the conditions.  Unlike traditional mortgages, reverse mortgages don't cover expenses like insurance, taxes, and HOA fees. Failure to pay these can lead to foreclosure. Additionally, if you have to move to a nursing home, it may break the contract and result in foreclosure.  Read more here: https://hubs.la/Q02w9x-_0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

Americans Are Losing Their Homes Foreclosure filings rose by 10% in 2023. While higher than in 2022, filings were down from pre-pandemic levels, as the data indicates a return to more traditional foreclosure patterns. Experts suggest that the rise in foreclosures is not a cause for alarm but reflects economic trends. Factors such as declining home prices and rising unemployment rates could impact mortgage payments and increase the risk of foreclosure. Read more here: https://hubs.la/Q02gVKCN0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

The U.S. housing market shows signs of cooling down as home prices dipped in November after nine consecutive months of growth. Despite prices remaining elevated on a year-over-year basis, experts predict a busier spring home-buying season in 2024, with the expectation of declining mortgage rates in the second half of the year. The supply crunch and sellers' reluctance to put properties on the market may keep prices high throughout the year. Read more here: https://hubs.la/Q02l3-gF0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

The housing market's anticipated interest rate cuts and increased inventory have yet to materialize. As the Federal Reserve maintains a strict monetary policy due to persistent inflation pressure, mortgage rates will stay higher for longer, even if the benchmark interest rate is cut.  Predicting mortgage rates is notoriously difficult, but experts believe rates below 6% are unlikely by year-end.  Read more here: https://hubs.la/Q02xZmNW0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

The MBS Highway National Housing Index fell to 35 in Oct 2023 from 42 in Sep 2023. One year ago, the index was at 18. Buyer activity slowed as mortgage rates moved above 7.5%, but prices held much better as competition for scarce inventory remained high. The Northeast and Mid-Atlantic regions remained the busiest, the Northwest and Southwest the slowest. #mortgagemarketnews #mortgageintheknow

#Eastside #MarketReport #January The Eastside real estate market started the year on a strong note, with last month’s median residential sold price of $1,440,000 up 11% year-over-year. Despite there being only 1.2 months of inventory to start the year, there are opportunities for buyers in the form of continued price reductions and declining mortgage rates. Let’s connect to see how these conditions might impact your specific situation. #DonWeintraub #Broker #Windermere #RealEstate #UrbanBellevueLiving #SeattleEastsideLuxury #LuxuryRealEstate

MBS Highway Housing Index (October 2023) - The MBS Highway National Housing Index fell to 35 in Oct 2023 from 42 in Sep 2023. One year ago, the index was at 18. Buyer activity continued to slow as mortgage rates moved above 7.5%, but prices held up much better as competition for scarce inventory remained high. The Northeast and Mid-Atlantic regions remained the busiest, the Northwest and Southwest the slowest. #mbshighwayhousingsurvey #mbshighwayhousingindex #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow #rodmichotteteam