Investors own more than half of all the houses in seven California counties. That’s one eye-catching nugget from my trusty spreadsheet’s review of data on investor activity across the nation from BatchData, a small data tracker that digs deeper into property records than many traditional real estate analysts. BatchData reviewed California ownership records to identify the
The U.S. housing market is flashing red lights, and one economist says it could be a sign of broader economic trouble ahead. With mortgage rates holding steady near 7%, housing activity across the country is slowing down—dragging down sales, new home construction, and price growth. According to Moody’s Analytics Chief Economist Mark Zandi, the trend
But ICS remains expensive compared with its rivals in the market despite the reductions. It also charges existing customers more than new ones. ICS Mortgages, the trading name of Dilosk, said it was cutting its rates by up to 0.15 percentage points. The reductions are across fixed mortgage rates for both new and existing owner-occupier
Mortgage rates in the U.S. just climbed to their highest level of the year, putting new pressure on prospective homebuyers and reshaping the housing market as summer gets underway. According to Freddie Mac’s latest survey, the average rate on a 30-year fixed mortgage is now 7.12 percent—the highest it’s been since November 2023. This marks