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Vesta Equity Market Recap 18.0

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Stay informed and proactive with Vesta Equity's Real Equity Marketplace Update 18.0 edition, anticipating market trends. Please sign up to receive the recap weekly and share the recap with people in your network who want to stay on top of the latest housing trends and investment opportunities.

Written by: Michael Carpentier
May 15, 2023

The Pulse on Housing

Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks.

Mortgage Applications Jumped Last Week.

Biden administration rescinds part of new mortgage fees for some homebuyers.

Investment Properties

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Top News in Housing

Rent, Mortgage Were Americans’ Fastest Rising Costs Over the Past Year - The Bureau of Labor Statistics indicates that despite a deceleration in inflation, rent and mortgage costs remain the most significant factor in Americans' growing cost of living.

Half of All Households At High Risk of Lower Retirement Living Standards - According to research from Boston College, about half of all American households may struggle to sustain their standard of living post-retirement, despite working until the age of 65.

Consumers Consider Reverse Mortgages Less Often Than Other Home Equity Products - A 2023 survey from Accurate Group reveals that homeowners prefer Home Equity Lines of Credit and mortgage refinance options significantly more than reverse mortgages when considering tapping into their home equity.

Vesta Equity Marketplace Overview

Looking for your next investment property? Easily invest in quality United States real estate - Buy shares, earn appreciation, and let the homeowners take care of the rest

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