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Author Archives: Demetria Lester

Demetria C. Lester is a reporter for DS News and MReport magazines with more than eight years of writing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Texas, Lester is an avid jazz lover and likes to read. She can be reached at [email protected].

New Listings Down More Than 20% YoY

“High mortgage rates have caused some homebuyers to bow out of the market. But there are still more people looking for a home than there are homes for sale,” said Redfin Deputy Chief Economist Taylor Marr. “That’s good news for the homeowners who want or need to sell their home now."

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Q4 Senior Home Equity Levels Dip to $12.39T Nationwide

According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.

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Mortgage App Payments Inched Upward in March

Mortgage application payments increased 1.6% to $2,093 in March, according to the MBA’s Purchase Applications Payment Index, as many prospective homebuyers continue to delay their decisions to enter the market amid elevated home prices and low inventory.

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Q1 Profits Decline Even Further for Home Sellers

Profit margins on median-priced single-family home and condo sales decreased to 44.2% nationwide, while home prices remained flat or continued their decline around most of the country, according to ATTOM's 2023 U.S. Home Sales Report.

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