Real Estate Markets Are Addicted to Easy Money

Real Estate Markets Are Addicted to Easy Money

On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year. According to Redfin’s numbers, this was the first time that home prices actually fell since 2012. The...
The Walking Dead … Housing Edition! New York City Leads Nation In Zombie Foreclosures In Q1 (Followed By Miami, Chicago, Cleveland And Philadelphia) – Confounded Interest – Anthony B. Sanders

The Walking Dead … Housing Edition! New York City Leads Nation In Zombie Foreclosures In Q1 (Followed By Miami, Chicago, Cleveland And Philadelphia) – Confounded Interest – Anthony B. Sanders

According to Attom Data, New York City leads the nation in zombie forceclosures. A zombie foreclosure refers to a situation where a homeowner vacates their property after receiving a notice of default, expecting they will lose the home in the pending foreclosure. The...
Mortgage Purchase Applications Increased 6.9% In Weekly Survey (But Purchase Apps Down 42% YoY, Refi Apps Down 76% YoY As Fed Tightens Monetary Noose) – Confounded Interest – Anthony B. Sanders

Mortgage Purchase Applications Increased 6.9% In Weekly Survey (But Purchase Apps Down 42% YoY, Refi Apps Down 76% YoY As Fed Tightens Monetary Noose) – Confounded Interest – Anthony B. Sanders

Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2023. The Market Composite Index, a measure of mortgage loan application...