Bellway numbers point to housing demand slowdown

By: ameer@trustedteam.com

UK housebuilder Bellway reports a fall in demand for homes on the back of rising mortgage rates. ...

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Rightmove points to increased pressure on FTBs

By: ameer@trustedteam.com

The average monthly mortgage payment on a first-time buyer type property for someone taking out a five-year fixed, 85% LTV mortgage is now £1,148, up by £20 per month...

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Housing Market Tracker: Inventory disappoints again

By: ameer@trustedteam.com

After seeing disappointing inventory growth two weeks ago, which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week,...

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North East most affordable region to rent – Paragon

By: ameer@trustedteam.com

The North East was England’s most affordable region to privately rent last year, this is according to the latest research from Paragon Bank. ...

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Landlords still looking to buy but further afield – DPS

By: ameer@trustedteam.com

Despite increased speculation about landlords’ intentions in the UK property market, a new survey by The Deposit Protection Service (DPS) reveals that the majority who intend to buy another...

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Mortgage rates rises will add £9bn to home loans: Cebr  

By: ameer@trustedteam.com

Rising mortgage rates are set to cost homeowners an extra £9bn this year and into 2024, according to the Centre for Economics and Business Research.   ...

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Better lays off its real estate agents ahead of merger

By: ameer@trustedteam.com

Better.com laid off its in-house real estate agents as the battered lender adjusts its operations ahead of a pending merger to go public.The New York City-based company abruptly shut...

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Why higher rates aren’t crashing home prices

By: ameer@trustedteam.com

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that...

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Bank of America faces lawsuit alleging it charged servicing junk fees

By: ameer@trustedteam.com

Photographer: Stephanie Keith/BloombergStephanie Keith/Bloomberg Bank of America is at the center of a new class-action lawsuit, which claims it unlawfully charged fees to mortgage servicing customers paying by...

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Foreclosure activity jumped in May

By: ameer@trustedteam.com

Distressed mortgage indicators tracked by Attom registered increased activity last month, resuming a slow climb back toward levels seen prior to the pandemic.The total number of default notices, scheduled...

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