Welcome to today’s roundup of real estate news, where we delve into the complexities and dynamics of the 2024 housing market. From expert predictions on affordability and inventory challenges to community engagement opportunities and controversial financial tools making a comeback, our coverage spans a range of crucial topics. Whether you’re a potential homebuyer navigating high mortgage rates, a community member eager to shape local housing policies, or a market watcher interested in the impacts of zero-down mortgages, our articles provide valuable insights and updates. Stay informed and empowered to make knowledgeable decisions in the ever-evolving landscape of real estate.
Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again? – Forbes Advisor
Discover the current challenges and predictions for the housing market in 2024. Despite stagnant home sale activity, experts believe the market will improve once mortgage rates drop to make homes more affordable. While home prices continue to rise, the emergence of more resale inventory offers a glimmer of hope. Explore expert advice on navigating the tight housing market and increasing your chances of a successful outcome. Stay informed about the latest trends and insights to make informed decisions in the ever-changing housing market.
Housing market crisis: Inventory is up, but buyers are revolting | Fortune
Discover the challenges facing the US housing market as inventory increases but buyer demand wanes. Higher mortgage rates and soaring prices are dampening buyer enthusiasm during what is typically a key season for the market. Sellers are being forced to cut asking prices as inventory stagnates. The lack of rate cuts by the Federal Reserve has contributed to a cold reality settling on the housing market. While some regions are experiencing sales declines, others are beginning to recover. Explore the current state of the housing market and the potential impact on price growth in the coming months.
News Flash • Community Meeting on Housing is June 18
Mark your calendars for a community meeting on housing happening on June 18. Join the discussion and learn about important updates and initiatives related to housing in your area. This is an opportunity to voice your opinions, ask questions, and contribute to the conversation on housing issues. Don’t miss out on this chance to be part of shaping the future of housing in your community.
A shady financial tool from the housing-bubble era is making a comeback | CNN Business
Discover the resurgence of the zero-down mortgage, a financial tool that raises concerns due to its potential risks. United Wholesale Mortgage has introduced a program that allows first-time homebuyers to secure a purchase without an initial cash payment. Instead, borrowers can borrow 3% of the home’s value as an interest-free loan, paying for the remaining 97% with a standard mortgage. However, the interest-free loan must be paid back in full when selling the home, paying off the mortgage, or refinancing. This raises questions about the potential consequences in case of economic downturns or declining home values. Explore the debate surrounding this financial product and the lessons learned from the 2008 financial crisis.