While 2017 ended with a slight dip in overall mortgage applications, the share of refinance mortgage activity rose according to a weekly survey.
Read More »Households Doubling-up to Save Costs
More working-age adults in big metropolises are living in doubled-up households driven by financial concerns from rising rents.
Read More »Midwest To Remain Most Affordable Region for Homebuyers
Single family and one story homes are the most sought-after dwellings as home prices rise on increased demand for housing in the region in 2018.
Read More »Conventional Mortgage Loans Most Popular With Millennials
Lower FICO score requirements by some lenders to attract potential first time buyers notwithstanding, credit scores for millennial homebuyers dropped according to a report.
Read More »The Fed on Tax Reform, Inflation
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as ...
Read More »Lenders Unenthusiastic About Mortgage Profit Margins in 2018
Stiff competition has led mortgage lenders to approach 2018 with negative outlook on profit margins and refinance activity for the fifth straight quarter according to a Fannie Mae survey.
Read More »What Are All U.S. Homes Worth?
The total value of all the housing stock across the country increased in 2017 to a value 1.5 times greater than the gross domestic product of the U.S., according to a new report.
Read More »Can Homebuyers Afford a Mortgage in These Cities?
Six cities on the U.S. coasts have 70 percent or higher households that can’t afford to buy a home, says a new study.
Read More »Top Real Estate Trends for 2018
In its video series highlighting housing data, the National Association of Realtors says that though home sales will see a slight fall, the economic growth and job gains will continue to fuel the housing market in 2018.
Read More »Good News for Sellers as Home Prices Rise
With home prices projected to increase 4.2 percent by November 2018, its a seller’s market. However, first time homebuyers can expect limited for-sale inventory for lower-priced homes.
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