Some
Some ‘Overpriced’ Markets Leave Researchers Perplexed
Detroit is the most overpriced housing market in the country, but there’s not a clear reason why. The latest Beracha and Johnson Housing Market Ranking reveals that homes in Detroit are selling at a 37% premium above the area’s long-term pricing trend. Las Vegas and Atlanta inch closely at 35% and 33.1%, respectively. Atlanta previously… […]
Mortgage Rates Start Lower, But Could See Some Volatility This Week
Mortgage rates have been fairly flat in the bigger picture, but each passing day continues to bring small scale movements. This is almost always the case, even if rate quotes don’t seem to be changing. One key reason for this is the difference between “note rate” and “effective rate.” The former is the rate that […]