"The events of the past few years have made homebuyers more deliberate about what a home should offer them," said Nick Bailey, RE/MAX President and CEO.
Read More »Housing Costs in Sunbelt Driving People Away
“People across the Unites States continue to feel the squeeze from higher housing costs, but the impact is uneven between regions,” said Anna Zhou, Economist for Bank of America Institute.
Read More »Fannie Mae: Recession Conditions Expected in Second Half of 2023
“Inflation has now been joined by financial stability concerns as threats to sustained growth,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »Spring Homebuyers Greeted by Another Dip in Mortgage Rates
Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the spring homebuying season.
Read More »A Cooling Market Is Pushing Back on High Down Payments
The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.
Read More »Mortgage Apps Gain for the Third Consecutive Week
The dip in mortgage rates has kicked the spring homebuying season off on the right foot, as the MBA reports overall app volume on the rise for the third straight week, amid uncertainty over the health of the banking sector.
Read More »Existing Home Sales Rise for First Time in 12 Months
"Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun.
Read More »Fairway Independent Mortgage Bolsters Its Reverse Lending Ops
The addition of Dan Ventura as its new VP of Reverse Operations follows the formalization of the company’s Regional Reverse SVP program, and the addition of eight new SVPs.
Read More »Cash-Out Refis Could Trap Many Borrowers
The American Enterprise Institute and Center for Responsible Lending are jointly warning borrowers that cash-out refinances may worsen their financial stability for years to come by shouldering monthly payments that are significantly higher.
Read More »Lenders Offer Special Financing for Green Homes
Fannie Mae and Freddie Mac both offer special mortgages for green homes; federal and state programs also promote weatherization initiatives through grants for certain projects.
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