Rommel Motley

Wow!!!!!

Biden raises costs for homebuyers with good credit to help risky borrowers The administration's new rule will reduce mortgage fees for riskier borrowers but will be subsidized by borrowers with higher credit scores.

https://markets.businessinsider.com/news/commodities/us-housing-market-unaffordable-mortgage-rates-home-prices-inventory-demand-2023-4?amp

Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever New data shows mortgage financiers lost an average $301 per home loan last year, the first time negative profits were recorded.

https://youtu.be/zuQtFKPcuN8

How consumers could be impacted by Silicon Valley Bank's collapse MSNBC's Stephanie Ruhle breaks down the economic impact of Silicon Valley Bank's collapse, steps the Biden administration has taken to address it and what it...

Wow...

She Bought Her House As The Market Peaked. Now She Regrets It. — BuzzFeed News Record housing prices and rapidly rising interest rates have many people questioning the value and viability of homeownership: “We’re just house poor now."

Rates rising again.......

Federal Reserve raises interest rates by 75 basis points. Yahoo Finance reporter Brian Cheung breaks down the Federal Reserve's latest rate hike and what the central bank may do going f...

Wow the market has changed........

What Does A Low Mortgage Demand Mean For Buyers, Sellers? Existing home sales fell for a fifth straight month in June, while demand for mortgages also dropped to a low not seen in more than two decades. NBC’s Tom Co...

Interesting facts about the market........

Housing market isn’t ‘headed towards any kind of crisis’ despite sinking mortgage demand: Expert Rogers Healy Companies CEO and Owner Rogers Healy joins Yahoo Finance Live to discuss the decline in mortgage rates and how it ha...

The interest rates are heading down.......And the inventory in AZ is up over 10k.

Mortgage rates drop for the second week in a row Mortgage rates dropped for the second week in a row, but that didn't revive demand for potential homeowners. Danielle Hale, chief economist for Realtor.com, ...

Great video explaining the new housing market......

Lack of new construction and corporate landlords contributing to skyrocketing rent Lesley Stahl reports on how lack of construction in the 2010s has created a nationwide housing crisis, and opportunistic Wall Street firms have stepped in."6...

Yikes

Fed raises interest rates for first time in 3 years to fight inflation, forecasts six more hikes in 2022 The Federal Reserve raised rates to battle inflation that's at a 40-year high. It forecast six more hikes in 2022.

Wow this is something can happen on leased land with mobile & manufactured homes......

Community near Yosemite grieves together on last day in their homes before forced removal “It would probably be a little easier to accept if it was done in a proper manner with the proper time, with a little respect.”

This story gives you an idea how much power an HOA can really have.......

'Apparently I No Longer Have A Home. They Sold It': Homeowner, Father Of Four, Has Green Valley Ranch Home Foreclosed By HOA Dozens of homes in Denver's Green Valley Ranch neighborhood have faced judicial foreclosures at the hands of Master Homeowners Association.

Things that make you say hmmm.......

What is inflation? Why and how is going to effect interest rates. Here's a great definition very easy to understand and why it's both good and bad......

What Causes Inflation and Who Profits From It? In this article, we examine the fundamental factors behind inflation, different types of inflation, and who benefits from it.

Interesting information also we had 4.5 million people quit there jobs in the month of December..... can our economy withstand rate hikes?

U.S. Jobless Rate Falls as Wages Jump, Adding Pressure on Fed The U.S. unemployment rate fell below 4% and wages jumped last month, adding to evidence of a tight labor market that’s expected to help spur Federal Reserve interest-rate liftoff as soon as March despite disappointing payroll growth.

Exactly!!!!!!

Something to always think about when buying a home......

Inspector Calls Out the Builders of a $500K House for the Ridiculous Shortcut Fixes They Made on the Home A certified professional home inspector hilariously called out the owners of a $500K house for sale for taking ridiculous shortcuts around the home.

Wow interesting story and sad.......

Black Michigan Realtor And Client Arrested At Gunpoint During House Showing - Blavity Eric Brown, a Black realtor in Michigan , was handcuffed along with his client during a showing on Sunday when several armed police officers responded to the house after a reported break-in. Brown said he was showing the house to his client Roy Thorne in Wyoming, Michigan when they were racially pro...

Great information in regards to Well Fargo closing personal lines of credit. It will not effect your current mortgage but it could effect your credit!!!!

Wells Fargo Shutting Down All Existing Personal Lines of Credit One of the biggest banks in the country announced it's shutting down all existing personal lines of credit accounts and it will not offer any new ones. Well...

The data is there......

Americans fleeing NY, California, Illinois for Arizona, Idaho and Sun Belt states Movers in 2020 largely left the northeast in search of warmer weather in the south and southeast, according to data from moving company North American Moving Services.

The thirst is real in the Valley of the Sun

Maricopa County No. 1, Metro Phoenix No. 2 for fastest growth | AZ Big Media The entire Phoenix-Mesa-Chandler metro area grew by an estimated 106,008 to 5.1 million people, the fastest growth of the top 10 metro areas.

Great video.....

Valley impacted as rising material costs making it impossible for builders to solve housing shortage An incredible demand for homes is now driving prices sky high and putting further pressure for more product on an already overwhelmed industry.

Great article......

Phoenix realtor, first-time buyer give inside look at sizzling housing market As Arizona's housing market continues to boom, it seems as though the average buyer is getting squeezed out.

The growth is phenomenal, but keeping up with it is another thing.

Phoenix No. 1 in net migration for 3rd straight year | AZ Big Media Phoenix has maintained its ranking as the top metropolitan area in the nation for net migration for a third consecutive year.

Wow.... I hate to say I saw this coming but I did.

Phoenix housing prices set new records, creating challenges for home buyers Median home prices in the Valley hit a record in March with the average of homes selling that month at $359,300.

1st domino to fall????

Federal judge vacates CDC's eviction moratorium A federal judge on Wednesday vacated a nationwide freeze on evictions that was put in place by federal health officials to help cash-strapped renters remain in their homes during the pandemic.