Since mortgage rates hit nearly 8% last October, Redfin has found that homebuyers on a $3,000 monthly budget have gained significant purchase power since that time.
Read More »The Week Ahead: Calculating AI’s Impact on the Housing Industry
An upcoming Senate Banking Committee hearing will discuss with a panel of experts the growth of artificial intelligence and how its usage in the housing marketplace will be regulated as AI continues to evolve at a rapid pace.
Read More »December Pending Home Sales Cross 8% Mark
"The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices," said Lawrence Yun, NAR Chief Economist.
Read More »Golden Years, on the Move: Retirees Could Drive 2024 Migration Trends
With more than 338,000 retiring and moving in 2023, could this number move higher in 2024?
Read More »Home Affordability Got a Boost in Time for Christmas
“Homebuyer affordability improved for the second consecutive month in December as interest rates declined significantly from recent highs,” said Edward Seiler, MBA’s Associate VP of Housing Economics and Executive Director for the Research Institute for Housing America. Here’s what to expect as we approach spring.
Read More »Inclement Weather Impacting U.S. Homebuying Activity
As inventory remains alarmingly low, home prices are also rising in parts of the U.S., with some potential buyers being hampered by harsh weather. But in a new report, Redfin agents say that “serious buyers are finding a way to see desirable homes,” and demand is picking up in warmer regions.
Read More »Industry Vet Returns to Carrington to Lead TPO Lending Team
Non-QM specialist Samuel Bjelac exits role with Lending One to return to Carrington Mortgage Services as the company’s new SVP of National Sales for Third-Party Origination.
Read More »End-of-Year Market Trends Bode Well for the New Year
"There are many reasons to be encouraged about housing in 2024," said Nick Bailey, RE/MAX President and CEO. "The high mortgage rates and inventory lows of 2023 definitely made for a challenging market, but December data shows some positive signs for the new year."
Read More »Uptick in Purchase Apps as Rates Fall to 11-Month Low
As mortgage rates dropped toward levels last reported in May 2023, the MBA reported a rise in purchase application activity, led by both Conventional and FHA purchase apps.
Read More »Where in the Nation Do Homes Sell the Quickest?
Looking for states with the shortest average time to sell a home from start to the closing table? Experts from Agent Advice broke down Zillow data and ranked the top 10 states where homes sold in the shortest amount of time.
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