Mortgage demand at lowest level in 22 years
To find the last time mortgage demand was this low, you’d have to put on your Y2K glasses. For the week ending June 3, the Mortgage Bankers Association’s index measuring mortgage loan application volume dropped 6.5 percent from the week before, sinking to its lowest level in 22 years. Driving the d
How Deductions Can Backfire in Real Estate
If you’re looking to buy, think twice about your taxes this year. Today I have another critically important tip for buyers: How do you prepare to buy a home around tax time? Most of the time, people who own their own business or file with a 1099 will do as many write-offs as possible, but that can
Redfin CEO says sellers are “starting to freak out” as market shifts
The housing market has been the record-shattering domain of sellers since the start of the pandemic, but Redfin CEO Glenn Kelman believes a shift is coming. Kelman told CNBC’s Closing Bell the housing market will look relatively similar to now in six months. He did have an encouraging prediction f
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