USA Mortgage rates in the U.S. have dropped for three consecutive weeks, hitting the lowest level in two years. This decline could make home buying more accessible, particularly in areas where borrowing costs had been a significant concern. However, affordability issues persist in certain regions, like Florida, where rising insurance premiums add to homeownership costs.…

USA The Federal Reserve’s 50 basis point rate cut on September 18, 2024, is expected to lower borrowing costs, providing relief for homebuyers and investors. Mortgage rates may decrease, spurring demand for housing in regions such as the Northeast and Midwest. However, affordability concerns remain in areas like Florida, where rising insurance costs continue to…

It’s been a hectic week with several conferences in town and F1 next week. As we are all waiting for the Fed’s decision this week, I wanted to update everyone on a new loan program that has been very popular since we launched it. Did you know you can qualify for a U.S. mortgage by…

USA Goldman Sachs predicts U.S. home prices will rise by over 4% in 2024, driven by falling mortgage rates and steady demand. Strong price growth is expected in areas like the Midwest, Northeast (New York, Boston), and parts of California (especially San Diego and San Jose). However, regions like Florida, hit hard by affordability issues…

Expect Market Weakness in September On September 16th, the U.S. corporate tax deadline hits, along with non-withheld personal taxes due mid-September. September is typically a seasonally weak month in the markets, and with potential tax-related liquidity drains of up to $500M, we can expect some market weakness this month. It is prudent to think long-term…

USA The latest report from ResiClub Analytics uses Zillow’s Market Heat Index to identify U.S. housing markets where buyers or sellers hold the most leverage. A higher score indicates a market favoring sellers, while a lower score favors buyers. Markets where inventory remains tight, and home price growth is elevated, give sellers more power. Meanwhile,…