Real Estate Latest News, Updates On Residential & Business Property
Housing disaster resulted from predatory subprime lending, excessive ranges of consumer debt, unemployment, market deregulation and plummeting home prices. These factors led to a housing market collapse in most parts of the country in which owners, unable to make their monthly loan funds, ended up in foreclosure. To 8%, low housing inventory, high residence prices and suppressed mortgage demand. This has led to an overall decline in residence sales and lower-than-normal mortgage origination volumes. Mortgage rates headed higher last week after the CPI inflation report, however now, with news of a wider war within the Middle East, should we count…