BRM US Properties

08/26/2023

https://www.yahoo.com/finance/news/housing-market-gotten-unaffordable-zillow-222330043.html

The average 30-year fixed mortgage rate is now above 7%, which has tacked on an extra $1,000 in monthly mortgage payments for the median US home.

08/25/2023

https://www.yahoo.com/finance/news/mortgage-rates-surge-to-22-year-high-160008290.html

The average 30-year mortgage rate jumped to 7.23% this week, up from last week's 7.09%, according to Freddie Mac.

09/20/2022

https://www.yahoo.com/finance/news/2022-fed-created-biggest-renter-145351682.html

which means prices are going to pull back. If you are an end user, looking to finally enter the housing market now is a great time to buy a house 15%-20% cheaper than it would have been at the beginning of the year.” That’s transparent and clear advice from one of the brightest and most outspoke...

09/16/2022

https://www.yahoo.com/money/housing-affordability-200916571.html

It now takes 35.51% of the median household income to make a principal and interest payment on the average home.

08/01/2022

https://finance.yahoo.com/news/rental-inflation-important-to-monitor-jp-morgan-124812871.html

Inflation has been a persistent nightmare, and rising rents nationwide are partly to blame.

03/26/2022

Owning a home isn’t right for everyone. Renting is better than buying for some people because it makes more financial sense.

08/25/2020

Go figure, housing in America is on fire during the COVID-19 pandemic. Here's why.

03/26/2020

Mortgage rates seesawed lower this week after the Federal Reserve stepped in to provide some assurance to lenders who were at a loss as to how to price home...

09/06/2018

Fast-rising home prices and higher mortgage rates have made it both cheaper and a better investment to rent a home than to buy one. 

08/23/2018

Time to buy before interest will spike again

Rates for home loans ticked down again even as conditions in the housing market deteriorate.

08/16/2018

Rates for home loans declined, good news for borrowers, but housing headwinds are threatening to become headwinds for the entire economy.

06/10/2018

The average home increased in value from $194,500 in 2015 to $205,000 in 2016, according to U.S. Census Bureau data. That is an impressive return of nearly $11,000, or about 5%, for American homeowners. Relative to income that extra $11,000 is equivalent to the average American household receiving a...