What are the reasons behind a drop in housing confidence among consumers? Here’s what a survey found.
Read More »Now Is the Best Time to Sell … or Is it?
The current housing market conditions have an increasing number of millennial homebuyers and owners admitting to looking at “timing the market” to maximize their gains, a study found. Here’s why.
Read More »Confidence is Key for Owners Selling Starter Homes
What is the secret to unlocking starter home inventory? The answer could be related to giving millennial homeowners looking to transition to a new home more confidence a study found.
Read More »Next-gen Buyers Steering Away From 20 Percent Down Payment
While it might be the industry gold standard, the “typical” 20 percent down payment doesn’t exactly glitter with the majority of first-time millennial mortgage getters. When queried about ...
Read More »Will Rising Mortgage Rates Ruin the Homebuying Season?
Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey ...
Read More »Top 5 Housing Predictions for 2018
Leaving behind a tumultuous year that included a strong seller’s market, chronic inventory shortages, and a rash of natural disasters, it’s time to look ahead and ask what 2018 has in store for the mortgage and servicing industry.
Read More »Rising Prices Pushing Buyers Out of Comfort Zone
According to a new survey, homeowners find housing market conditions ideal for selling but are hesitating due to a fear of not being able to purchase a new home.
Read More »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.
Read More »Homebuying Sentiments Vary by Local Density
New survey results show urban, rural, and suburban American homebuyers have “drastically different” profiles. Aside from agreeing on the importance of homeownership, the three groups vary greatly on most homebuying-related topics. The biggest differences lie with the urban buyer, who is younger, more transient, more likely to be an immigrant, and has a bigger budget. The average urban buyer is just 38 years old—nearly a full decade younger than the average suburban and rural buyer.
Read More »Rural, Urban or Suburban: Who Wants to Buy More?
Despite talk of the rural-urban divide, new data shows that Americans seem to share the same sentiments about homeownership regardless of their location. In a recent survey, residents in rural, suburban, and urban areas all shared largely similar thoughts on homeownership and its role in the American Dream. The only place the three groups diverged was in the intended length of stay; only 35 percent of urban buyers plan to stay seven years or more.
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