Home Price Per Square Foot Up 60% in 5 Years Shattering The Dream of Home Ownership of Millions
Home Prices Surge: Square Foot Costs Up Nearly 60% in Five Years In the dynamic world of real estate, home prices are constantly evolving. According to a recent report by Scotsman Guide, the average home price per square foot has surged by nearly 60% in the last five years. This significant increase highlights key trends […]
Exciting Mortgage Rate Forecast 2024 – Homebuyers and Homeowners May Rejoice with Lower Interest Rates
Mortgage Rate Forecast 2024 – What Homebuyers and Homeowners Need to Know As a mortgage broker at LoanGuru Mortgage, staying informed about market trends and forecasts is crucial for providing the best advice to our clients. The mortgage rate landscape for 2024 has seen significant revisions, and understanding these changes can help both potential homebuyers […]
Federal Reserve’s Economic Outlook: A Prolonged Era of Higher Interest Rates
The Federal Reserve, often referred to as the Fed, has recently unveiled its latest economic projections. In this blog post, we’ll delve into the key takeaways from the Federal Reserve’s Economic Outlook, which reveal a complex scenario of prolonged higher interest rates alongside a strengthening economy. Let’s explore what this means for the future of […]
Homeowner’s Equity Faced Unexpected Dips in 2023
Did homeowner’s equity make money or lose money on their houses this past quarter? The answer might surprise you. Homeownership, for many, is the cornerstone of the American Dream. While some perceive it merely as a living space, others recognize it as an investment that, over time, may appreciate, depreciate, or even stagnate in value. […]
Housing Market Outlook: Between Recession and Stability
The general pulse of the US economy seems optimistic in recent days. With vigorous consumer spending and the Consumer Price Index (CPI) inching nearer to the Federal Reserve’s aimed inflation figures, the economic environment suggests stability ahead. However, when it comes to the housing market, the broader economic trends might not necessarily dictate the pace. […]
California Residential Investment: 34% of all home acquisitions were by investors in Q2
The residential investment landscape hasn’t wavered much as the summer progresses. A recent analysis by CoreLogic underscores the consistency in home investor involvement over the recent months. In June, residential investors were responsible for 26% of all single-family home acquisitions, marking a slight dip of 1% from March figures. CoreLogic’s Thomas Malone believes this minimal […]
Mortgage Rates Hit Two-Decade Highs, Posing Challenges for Homebuyers
The landscape of the housing market is shifting once again, with mortgage rates skyrocketing to their highest levels in more than two decades. This latest development poses a serious challenge for potential homebuyers, affecting both first-time purchasers and existing homeowners looking to upgrade. Surge in Mortgage Rates The average interest rate for a 30-year fixed-rate […]
