A new Flyhomes survey revealed an estimated 78% of aspiring homeowners have slowed or stopped their home search completely, with the overwhelming majority citing high interest rates.
Read More »Share of Homes Bought With Cash Down From November Peak
A new report from Redfin revealed the share of homes bought with cash is down slightly from November but remains elevated above pre-pandemic levels as high mortgage rates persist, averaging 6.36% in December.
Read More »Cohabitating U.S. Renters Save a Collective $14,000 a Year
"Even though rent prices are starting to cool, they are still significantly higher than they were a year ago,” said Amanda Pendleton, Zillow home trends expert. “Renters considering going solo this year must decide how valuable living alone is to them, and if the cost is worth it."
Read More »Deephaven Mortgage Appoints Aaron Drago as COO
Seasoned financial services executive Aaron Drago has been named Chief Operating Officer for Deephaven Mortgage, responsible for the continuous optimization and performance of Deephaven’s daily operations.
Read More »Homeowners Worried About Ability to Save Money, Make Mortgage Payments
Surveyed consumers' top areas of concern remain the ability to save money and afford housing payments, with many consumers citing problems affording household necessities, according to a new report from Fannie Mae.
Read More »That’s Amore: How Housing Costs Are Impacting Romantic Relationship Decisions
According to a new report from Realtor.com, some 80% of Gen Z respondents who have moved in with a romantic partner say that finances and/or logistics contributed to their decision.
Read More »Rent Growth Slows to 2% in January
As rent growth experienced the smallest increase since May 2021 and the lowest level in nearly a year, a new report from Redfin revealed January marked the eighth straight month in which annual rent growth slowed.
Read More »Rent Prices Experience Smallest Increase In 20 Months
Rents rose 2% in January according to a new report from Redfin, as rental price growth continues to slow due to increasing supply and waning demand.
Read More »Inflation Affecting Homeowner’s Improvement Plans
According to a new study from Today's Homeowner, many homeowners are reducing their home improvement spending, as new data shows the Consumer Price Index fell in December for the first time since May 2020. However, prices remain significantly elevated compared to a year ago.
Read More »Experts: Lending Standards Are Tightening
According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Read More »