As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow money for a kitchen remodeling or some […]
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According to the National Association of Realtors, pending contracts for property sales dropped by 20.8% in March. Further, the 30-year fixed mortgage interest rate dropped to 3.43%, but a great majority of people are still not interested in buying or renting homes at the moment. Economists predict that home sales could shudder in the next […]
The post US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21% appeared first on Bitcoin News.
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U.S. real estate agents and lenders are bracing for the biggest housing crash in over a decade. Since the coronavirus spread and the American government shut down the nation’s economy, Freddie Mac’s quarterly real estate report is grim and says the U.S. housing market faces considerable challenges “amid economic uncertainty.” Further, the NHB Wells Fargo […]
The post Looming US Real Estate Crisis – Freddie Mac Warns of Housing Market Uncertainty, Homebuilder sentiment Drops 58% appeared first on Bitcoin News.
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The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage crisis. Most of these observers believe there’s no […]
The post Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market appeared first on Bitcoin News.
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As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit longer to feel the brunt of the financial hardship. As individuals watch the value of their investments fall, economists believe the U.S. housing market will crash to 29-year lows amidst a looming global recession. Lendingtree’s chief economist Tendayi Kapfidze […]
The post US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows appeared first on Bitcoin News.
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