This Week in Finance News: 13 Stories You Need to See
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including the latest stats on consumer confidence, mortgage payments, and employee burnout. With thousands of press releases published each week,
Hidden costs of homeownership can add up to nearly $15,000 annually
New Zillow and Thumbtack analysis identifies the additional costs home buyers can expect, including utilities, insurance, maintenance and property tax Homeowners can expect to pay $14,155 a year, or $1,180 a month, in hidden costs related to owning
Mortgage Rates Jump Up
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent. “Mortgage rates jumped this week, as a buoyant economy has prompted the market
PulteGroup Breaks Ground on New Mortgage-Free Home for U.S. Air Force Veteran in Michigan
The Company’s Built to Honor program celebrates its 10th year of providing mortgage-free homes to deserving veterans From getting the surprise of a lifetime, to seeing shovels in the ground, U.S. Air Force Master Sergeant Paulus
2 in 3 Recent Homebuyers Struggle to Pay Their Mortgage in 2023
With 58% of recent homebuyers saying they overpaid, 62% have struggled to pay their monthly mortgage on time — and almost all (93%) say they have regrets. Despite the market cooling off a bit
More than 4 in 5 adults support building more homes in their neighborhood to boost housing affordability
Support is growing among both homeowners and renters for "modest densification" or "missing middle" housing. New housing types, including medium to large apartment buildings, gain majority support if built near transit and amenities. 70%
Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought up 18% of homes that sold. That’s down from
S&P CORELOGIC CASE-SHILLER INDEX REBOUND CONTINUED IN MARCH
S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2023 show a continuing recovery in housing
From service to sanctuary: Purple Heart recipient, son of 9/11 firefighter, getting mortgage-free house from Building Homes for Heroes
Marking Memorial Day, retired Army Spc. Evan Marcy, a Purple Heart recipient who lost his left leg in combat in Afghanistan, is set to receive a mortgage-free home from Building Homes for Heroes, the nonprofit announced
Seasonality, Debt and Banks
Why did we put these three words together? First, we just celebrated Memorial Day. Though summer does not start officially for a few weeks, Memorial Day is the unofficial start of the summer season.