Mortgage Rates
OK, visualize a brutal Chicago winter. Snow, slush, and gray everywhere, no parking so you have to hike to and from the El everywhere. Boots and coats and a monochromatic landscape that has been known to drive some people up the wall. Now, imagine you’re selling your home. Would you want tons of people tromping…
Well we cannot blame this one on the Republicans: the Dallas real estate market, which had been in a heated frenzy ever since about January 2, has finally cooled heels a bit. It started on Labor Day, Ebby agent Kay Weeks told Steve Brown, when higher mortgage rates and economic uncertainties cooled the market as…
We got some more good news out of Case-Shiller this week, but we were quick to be warned not to get too excited. I swear, will it ever be Miller Time? Dallas-area home prices rose a record amount in June, 8% over last June, but rising mortgage rates, the growing mess in Syria, and economic…
This caught my eye in the Wall Street Journal last week: “more than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.” According to the analysts, 20% of all homes sold before the housing crash were…
Interesting times for the Dallas real estate market as several neighborhoods are seeing homes sell fast for thousands more than they would have just 18 months ago. But with the Federal Reserve toying with interest rate changes, will next month’s forecast be far less optimistic than the June breakdown from Local Market Monitor? “Low Risk”…
