Market slowing but Wall Street still buying Real Estate in BULK
I'm personally the slowest I've been in two years as far as active loan files are concerned, so that tells me something for sure, but does it mean the real estate market will crash? No. There is a lot of different levels between Boom and Crash and we might be in those levels for a couple years, but it certainly doesn't mean Crash and may not even mean much of a pull-back although it wouldn't be too surprising if we saw prices come in about 5% or so. Meanwhile mortgage bonds are trying to form a bottom and rates have been holding strong and improving for a couple weeks. Not hugely but I'll take it! Links below. Hope it helps!
SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
I will get back to you ASAP! :)
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today
LINKS:
https://www.10news.com/news/making-it-in-san-diego/housing-market-shows-signs-of-cooldown
https://nypost.com/2022/05/11/goldman-sachs-backed-firms-buy-entire-florida-community-for-45m/
https://www.cnbc.com/2022/05/16/bernanke-says-the-feds-slow-response-to-inflation-was-a-mistake.html
https://altos.re/r/cf071f91-3fd8-4451-9fc6-52f243001ddc?data=count
https://fred.stlouisfed.org/series/MORTGAGE30US
https://fred.stlouisfed.org/series/MSPUS
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