Housing Demand Stalls: Homebuilder Confidence Plummets

Housing Demand Stalls: Homebuilder Confidence Plummets By Mac Slavo The signs of a weakening and crash-worthy economy are all around, such as a lack of confidence in the housing market. Demands for new homes have stalled this month, which has caused new homebuilder confidence to plummet. Rising interest rates and the continuous rate of home price growth is hurting new homebuilders’ confidence in the housing market. Not only are homebuilders losing faith, but others are concerned about the affordability of homes now. According to CNBC, sentiment among homebuilders dropped 8…

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Subprime Loans Are Back, Proving We Have Learned Nothing from 2008

Subprime Loans Are Back, Proving We Have Learned Nothing from 2008 By Brittany Hunter For as often as the phrase “history repeats itself” is used, it’s shocking how rare it is for mankind to actually learn from its mistakes. This year marks a decade since the housing crisis rocked the American economy to its core. Its implications were so far-reaching, many are still recovering from the devastation today, making it all the more frustrating that few seem to have learned any sort of lesson from the not-so-distant collapse. Over the…

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Mortgage Applications Tank As Interest Rates Soar

Mortgage Applications Tank As Interest Rates Soar By Mac Slavo Weekly mortgage applications fell a whopping 7.1% as the cost of borrowing money surged.  Interest rates are climbing higher making debts more expensive, so, naturally, fewer people can now afford to buy homes. Rising interest rates appear to be the main culprit behind the tanking of new mortgage applications. Buyers just don’t want to pay the higher rates, which are now at an 8-year high. According to CNBC, homebuyer demand is strong, but affordability was weakening even before rates began…

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Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” By Michael Snyder The housing market indicated that a crisis was coming in 2008.  Is the same thing happening once again in 2018?  For several years, the housing market has been one of the bright spots for the U.S. economy.  Home prices, especially in the hottest markets on the East and West Coasts, had been soaring.  But now that has completely changed, and home sellers are cutting prices at a…

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The Downsides Of Selling A “Smart Tech” House

The Downsides Of Selling A “Smart Tech” House By Catherine J. Frompovich Will your “smart home” become a true headache and liability when you want to sell it? Homeowners had better think about that rude awakening before you get caught unaware and start pulling out your hair. In the two videos embedded within the Chicago 5 TV news story “Who Controls Your Smart Home? Things Every Homeowner Should Know,” you will learn disconcerting information you need to know about your smart appliances and smart home—when they become a huge liability,…

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