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Tag Archives: Homebuying

An Uptick in Purchase Loans

Underwriting

Despite a tough home buying market and rising rates, April saw an increase of purchase loans that were closed according to a report. What are the factors likely to impact these numbers going into summer?

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Academic Success Pays Off

College degree holders consistently have higher homeownership rates than those without a degree, suggesting that despite all the worry about student-loan debt, more education is worth the hardships. ...

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Could the Market Be Cooling Off?

It seems the nation’s white-hot seller’s market may be starting to cool off—at least if a recent analysis is accurate. San Francisco, New York City, Miami, and other major cities are all showing subtle signs of slowing down, but does it spell the end of the seller’s market? And more importantly, will it become a nationwide trend? Only time will tell.

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San Jose Buyers See Fastest Closing Times

New data shows San Jose, California, homebuyers enjoy the fastest closing times in the nation, with an average of just 41 days to close. Six other cities came in at 50 days or less, including Dallas, San Francisco, and Denver. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

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Poll: Half of Adults Plan to Buy a Home

A new poll shows about half of non-homeowning Americans plan to buy a home in the next five years. Another 20 percent will buy in the next decade. Intent to purchase was highest with those between 35 and 54, as well as those located in the Southern U.S.

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Summer’s Not Just for Sellers

New data shows that August is the best time for homebuyers. According to recent analysis, housing inventory is up significantly by the end of summer, causing many sellers to reduce their listing price. In fact, buyers who wait until late summer may actually pay less than if they’d bought during other times of the year.

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Millennial Buyers Favor Local Lenders, Agents

A new survey revealed that millennials may not want the homebuying process to be as digital as most expect. In fact, two-thirds actually would prefer using a local real estate agent or lender over an online-based one. The survey also revealed that 56 percent of millennials plan to purchase a home in the next two years.

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