Posts made by author 'David Friedman'
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11
The Latest on The Mortgage Boom: Is It Fading?
The Latest on The Mortgage Boom: Is It Fading?
In the United States, houses are being bought rapidly, resulting in a rise in home values in almost every Postal Code. However, lenders are expecting that mortgage demand will slow down in the upcoming months.
The predicted decline in mortgage volume is driving down profit margins and scaring shareholders of mortgage firms that decided to go public closer to the height of the lending boom.
Mortgage rates have fallen below 3% for the first time and have influenced the way Americans work and live. The decline has pushed up demand for refinancing and purchasing loans to levels that have strained several lenders....
22
NYTimes: "U.S. Home Sales Are Surging. When Does the Music Stop?"
Good article here, for anyone interested in how the pandemic and current market compares to 2008. Of course no one can truly predict what will happen, but a good exploration nonetheless. So you don't have to click, here are the nuggets:
In the first week of April, U.S. search interest in the phrase "when is the housing market going to crash" jumped 2,450 percent compared to the previous month, and is now more popular than anytime...