Vesta Equity Market Recap 21.0
Real Estate News: Real Equity Marketplace Update 21.0 - Forecasting trends for smarter investment decisions. 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.
The Pulse on Housing
Average two-year fixed-rate mortgage tops 6% for first time in 2023.
Federal Reserve momentarily pauses interest rate hikes.
Mortgage applications for new homes rose 16.6% in May.
Top News in Housing
MBA Survey: "Share of Mortgage Loans in Forbearance Decreases - “Today, more than 96 percent of homeowners are current on their mortgages, thanks to the favorable jobs market and the success of loss mitigation options over the past three years."
First-time buyers struggle as mortgage products cut by 40% - Availability decreases from 347 to 199 products, impacting those with smaller deposits.
"My mortgage has doubled and I’m losing my home at 65" - A 65-year-old man's mortgage doubled due to interest rate rises, leading to financial stress exacerbated by poor decisions following his wife's death. He has chosen to sell his home and travel in a motorhome, hoping for better economic conditions in the future.
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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