The Fed inflation target of 2% looks close with CPI at 3.2%, but Core CPI is still at 4%. Still the trend is our friend, and rates are dropping. Here's a rundown.
Housing
New lawsuit alleges real estate commissions in NYC still 5-6% even as apartment prices hit $2m. Here’s how it’ll play out.
The Basis Point MBA Annual 2023 Live Blog covers all the latest in U.S. mortgage, housing, fintech, and regulation.
Even with mortgage rates near 8%, 3.5 million people will still finance home purchases this year, and households need to make $98k to $120k to qualify, which is reasonable. Here's a rundown.
Barbenheimer mortgage comparison: in Hollywood, AI and streaming won't replace moviegoing just like AI and fintech won't replace smart advice.
Existing home sales break losing streak, barely. It costs between $90 and $107k to buy an existing home with 5% down. Here's the math. Can you afford this?
New home prices of $420,800 right now. You need to make $115k to afford this with 5% down and $600 in other bills like credit cards and car loans.
Existing home sales down 14 of 15 months, and home prices now $388,800 for 86% of inventory. Is this affordable? Here's the math.
43% of home sellers gave out buyer freebies, 21% gave freebies and sold below asking price, and 16% gave freebies and dropped price. Here are the charts.
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