• September 14, 2022
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Inflation at the wholesale level cooled in August for the second consecutive month, although prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households. The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, declined 0.1% in August

• September 14, 2022
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• realestatelife

DSCR stands for Debt-Service-Coverage-Ratio. This means your loan is qualified based on the cash flow/ market rents of the subject property.

• September 14, 2022
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New 2023 conforming loan limits won’t be released until November … but we’re honoring them now for conventional loans locked, starting September 7th for FNMA, FHLMC, and VA. $715,000 for regular one-unit conventional / VA loans (increased from $647,200) $1,073,000 for regular one-unit conventional / VA loans in high-cost counties and in AK and HI (increased

• September 13, 2022
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What is an ITIN loan? An ITIN is a 9-digit number “Individual Taxpayer Identification Number”. It is a tax processing number only available for certain nonresident and resident aliens, their spouses, and dependents who cannot get a Social Security Number (SSN). It is a 9-digit number starting with the number “9” and formatted as an

• September 13, 2022
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The Inflation Reduction Act signed into law by President Biden on August 16, 2022, gives new life to the federal tax credit for the purchase and installation costs of residential solar-power systems and provides guidelines allowing batteries to also qualify for the credit. The solar credit is a percentage of the cost of a solar

• September 13, 2022
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Inflation rose more than expected in August, continuing to create severe financial pressure for U.S. households even as the cost of gasoline fell. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in August from a year ago.

• September 4, 2022
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Moving to a new city can be daunting, but there’s also an air of excitement that surrounds the process. You can enjoy new possibilities as you start building your life. In order to fully enjoy this potential, though, you should take deliberate steps to become integrated into your community and find ways to meet new

• September 2, 2022
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U.S. job growth moderated in August from a torrid pace the previous month, but hiring remained solid despite growing headwinds from higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 315,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, in line with the 300,000 jobs forecast by Refinitiv

• August 25, 2022
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• realestatelife

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession.  Second-quarter GDP was initially reported to have shrunk 0.9% The U.S. economy shrank at slightly slower pace in the second quarter than previously reported, but continued to meet the criteria for a so-called technical recession as raging inflation and higher

• August 24, 2022
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The National Association of Realtors said on Wednesday that its pending home sales index tumbled 19.9% in July compared with the same month one year ago. On a monthly basis, pending home sales dropped 1% – less than the 4% decline projected by economists.