Real Estate

Mortgage demand is picking up again, but rates are rising

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A For Sale sign is displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raeder | Getty Images Mortgage demand has increased for three straight weeks as interest rates have fallen due to recent bank failures. But interest rates are rising again, which could dampen applications. Total mortgage applications rose … Read more

Home sales soar in February, median price falls

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Existing home sales rose 14.5% in February from January, according to seasonally adjusted data National Association of Realtors. This brings annual sales to 4.58 million units. It was the first monthly increase in 12 months and the largest increase since the start of the Covid-19 pandemic in July 2020. However, sales were down 22.6 percent … Read more

Mortgage giant Fannie Mae tackles climate risk

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Global warming is already causing irreversible damage to the planet’s ecosystems and communities, according to a critical report The UN Intergovernmental Panel on Climate Change has just released. The damage is extending to the U.S. housing market, which has just experienced unprecedented snowfall and flooding in California, as well as an unusual winter tornado in … Read more

What to expect during the ‘credit crunch’ and how you can prepare for it

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Tetra Pak Images | Tetra Pak Images | Getty Images this recent banking crisis triggers the “credit crunch“And the resulting negative impact on households, businesses and the U.S. economy. But what is a credit crunch and how can you prepare? Loans will be harder to get During a credit crunch, banks tighten their lending standards … Read more