Recent survey findings reveal that over half of the US population, precisely 60%, express a sense of fear towards the term “budget”. This apprehension often results in inaction concerning budgeting. However, it’s key to note that although budgeting isn’t a strict requirement, monitoring your finances is crucial. Let’s delve into how this can be done effectively.
The illustration denotes an “excessive scenario,” highlighting the potential fiscal difficulties retirees may encounter due to health problems.
The initial month of the year saw the U.S. economy exceeding expectations by creating a considerable amount of jobs.
Generation X is gradually approaching the eligibility age for reverse mortgages, however, they are deeply concerned about the potential burden of medical debt.
Although interest rates have been on a downward trend, Old Republic, one of the top four title companies, saw a significant annualized drop of 22.8% in net premiums and fees in its title insurance division in the final quarter of 2023. This sharp decline played a significant role in the year’s overall decrease of 12.8%. The final quarter of the year was particularly challenging for the company’s title segment.
In its inaugural meeting of the year, the Federal Open Markets Committee (FOMC) of the Federal Reserve opted to maintain the short-term policy interest rate within the 5.25% to 5.5% spectrum on Wednesday.
The Securities and Exchange Commission (SEC) routinely reviews the criteria for accredited investor status every four years. In 2020, the SEC relaxed these guidelines and as a consequence, over 18% of American homes now meet the qualifications. This newfound wide-scale access to resources exclusive to accredited investors has raised concerns within the SEC about potential overexposure. Below is further information on the potential amendments that could be on the horizon.
Consumer interest in mortgages declined significantly last week, evidenced by a notable reduction in the number of purchase applications submitted.
In the latter part of 2023, the value of homes in the U.S. continued to display significant strength. The National Home Price Index, as per S&P CoreLogic Case-Shiller, exhibited an annual surge of 5.1% in November, which is an improvement from the 4.7% uptick seen in October. Concurrently, both the National Index and the 10-City Composite saw a modest increase of 0.2% on a month-over-month basis, whilst the 20-City Composite also reported rises.
Doug Duncan and Mark Palim share their insights on the overarching challenges and concerns confronting the mortgage and real estate industries. They addressed the significant topics without making any references to Realtor.com in the discussion.
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