The Mortgage Bankers Association (MBA) reports that the volume of mortgage applications for the week ending August 2 increased 5.3%. Also seeing a spike was refinance activity, which ...
Read More »Report: Competition Rate Lowest Since 2011
Competition among homebuyers has reached the lowest levels since 2011, as Redfin reports just 11.2% of offers faced a bidding war in July—a 45% year-over-year decline. Redfin states ...
Read More »Surprising Markets Named Hottest in the Nation
Homebuyers are moving away from the expensive and big cities, and the smaller, less expensive markets are flourishing. According to a report by CNBC, which uses data from ...
Read More »Analyzing the Housing Market Amid Trade, Economic Turmoil
Monday was not a good day on Wall Street. Following comments by President Donald Trump, who added logs to an already growing fire that is a trade war ...
Read More »What Effect Does a Recession Have on Home Values?
New analysis from Zillow shows that other than the housing-led Great Recession a decade ago, home values have continued to grow despite national and statewide recessions over the ...
Read More »Luxury Home Sales Rebound in Q2
Average sales prices for luxury homes increased 1% year-over-year to $1.64 million in Q2 2019, rebounding from a 1.7% drop in Q1 2019, according to new data from ...
Read More »Will Entry Level Homes Finally Become More Affordable?
A new analysis gives insights into the markets where home price growth is slowing down. Here’s what this trend could mean for first-time homebuyers.
Read More »What’s the Real Reason Behind the Housing Shortage?
A report by Business Insider states that labor shortages, lack of available lots, and higher material costs—although key talking points of Federal Reserve Chairman Jerome Powell—are not what’s ...
Read More »Education is Essential in the Mortgage Process
Although the majority of Americans favor homeownership, Fannie Mae’s latest National Housing Survey revealed many overestimate the qualifications and what it takes to own a home. “Despite increased ...
Read More »Markets at Risk for a Housing Crash in 2019
Bankingrates.com’s latest poll found that Newark, New Jersey, and Detroit, Michigan, were the two markets most likely to suffer a housing crash in 2019. The poll, which listed ...
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