With CMBS at the high end and GSE loans at the low end, commercial and multifamily mortgage delinquencies increased in the fourth quarter of 2024, the Mortgage Bankers Association (MBA) reported. All lender types saw increases except for life companies, for which delinquencies decreased 0.03 percentage points compared to Q3.“Even with certain market challenges such as low occupancy rates and the uncertain impact of return-to-office mandates in
The 30-year fixed-rate mortgage has remained under 7% over the last two months, and the Fed’s actions this week may send them lower.Mortgage rates haven’t experienced dramatic swings in weeks, giving prospective home buyers time to plan their budget with more certainty. And the Federal Reserve’s actions this week could help bring rates lower, economists say.The Fed voted Wednesday to keep its benchmark interest rate unchanged. But its addit
More single women are buying homes than ever before.According to a recent survey from the National Association of Realtors, the percentage of single women buying homes has nearly doubled nationwide over the past four decades, despite the fact that women still typically earn less than men do.Women now represent 20% of all buyers, up from 11% in 1981 when the association first started collecting the data. Among first-time homebuyers, that number is
The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7%) higher than at the end of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. The report found that total mortgage debt outstanding reached $4.79 trillion in fourth-quarter 2024.Multifamily mortgage debt alone grew by $38.9 billion (1.8%) to $2.16 trillion
It’s not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again, off-again tariffs, mass government layoffs and worsening consume
About Del "My primary purpose in life is to serve and help others. This applies to the way I conduct my real estate business. I will strive to give each of my clients the best possible experience in selling or buying a home by giving honest advice and consultation designed to best serve your needs...and we will have fun in the process. I will be honest and truthful in all of my dealings and will maintain the highest level of integrity.I serve all
U.S. household wealth eked out a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks.The net worth of households and non-profit groups rose about $200 billion to $169.4 trillion in the fourth quarter of last year, the U.S. central bank said in its quarterly U.S. financial accounts report, as a drop in the value of real estate tr
Wherever you buy a home in the United States, property taxes are a reality of homeownership. An agent who is a REALTOR® can help connect you with a tax expert in your area, but here are the basics:What are property taxes? Property taxes are charges on your land and property, based on the value of your property, levied by your local government. The revenue generated is often used to fund community needs such as schools, police and
As these technologies hit the market, they promise to transform homes into smarter, more sustainable spaces.This year's CES event showcased the latest advancements in smart home technology, offering innovations that combine convenience, security and sustainability. These products are poised to become essential upgrades for tech-savvy homeowners. Real estate agents who are up to date on what’s new are better equipped to help those clients intere
