MBA Says Probability of a Significant Foreclosure Surge is Minimal A recent “Chart of the Week” from the Mortgage Bankers Association illustrates that the expiration of pandemic-related foreclosure moratoriums led to a modest increase in foreclosure starts from the record lows maintained over the past two years. Citing data from their recent National Delinquency Survey,
Oil Prices Surge to Highest Point in 14 Years Just a few years ago, America was a net exporter of oil and had achieved energy independence. However, times have changed and since 2020 the world has seen a steady climb in the price of a barrel of oil as America cut its production. Today’s infographic
Pending Home Sales Surge 7.5% in October The National Association of Realtors is reporting that pending home sales were up 7.5% in October, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) rose to 125.2. The NAR says the market is expected to remain robust with home prices rising at
Yardi Says Rent Growth Being Driven by Ongoing Surge According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in October increased $ 23 to $ 1,572 (13.7% year-over-year). Yardi says the growth is driven by an ongoing surge in demand that started in the spring and has yet to subside. Indeed…
Mortgage rates surge past 3% for the first time since June If rates continue to tick up, that could help moderate surging prices, according to Sam Khater, chief economist at Freddie Mac. | realestate.boston.com. The post Mortgage rates surge past 3% for the first time since June appeared first on Boston.com Real Estate.