The newest national survey of new homeowners commissioned by U.S News & World 360 Report Reviews found that a majority of new homeowners who purchased a home since the ...
Read More »Homebuyer Affordability Improves for Black, Hispanic Households
Affordability improved for the second straight month in July as the typical homebuyer’s mortgage payment fell slightly, while moderating home-price growth could motivate buyers who've halted their home search to return in coming months. Click here to see more details of MBA's latest Purchase Applications Payment Index.
Read More »Refinance Activity Sinks Amid Rising Rates
Refinance lending sunk 36% in the second quarter, mainly caused by rising rates. Click through to see the latest numbers and get insights from ATTOM’s Rick Sharga on the news.
Read More »Keyword Analysis Shows Mexico Is Top Destination for Vacation Homes
Mexico, Canada, Costa Rica, Puerto Rico, and Belize round out the top five destinations Americans are choosing when it comes to vacation homes. Click here to see where else Americans are considering.
Read More »Black Homebuyers Experience Elevated Denial Rates
A new LendingTree analysis of the 2020 Home Mortgage Disclosure Act found that the share of Black homebuyers who have their mortgage requests denied is notably higher than any other ethnicity. Click here to see the largest spread between mortgage denial rates for Black borrowers and the remainder of the borrower populace.
Read More »Pending Home Sales Fall 19% YoY
For buyers, the early 2022 rush to lock in low mortgage rates before they rose even higher has since been replaced by the reality that sub-3% rates are a thing of the past,” said George Ratiu, Senior Economist & Manager of Economic Research for Realtor.com.
Read More »Affordability Constraints Fueling Renovation Projects
While more housing inventory is becoming available, home prices and mortgage rates hikes are still limiting many homebuyers from purchasing. A new study reveals that 55% of homeowners reported renovating in the past year rather than continuing their new home search.
Read More »Homebuyer Demand Slows; Properties Remaining on Market Longer
“The buyers who are still in the game are finally getting a break from bidding wars, which means they can be picky,” said Raleigh, North Carolina Redfin Agent Pam Lewis.
Read More »Median Asking Rent Up 14% YoY in July
According to a new Redfin report, the national median asking rent for July was up 14% year-over-year (and 0.6% month-over-month) to an average of $2,032 per month. This ...
Read More »Weak Growth Will Continue as Housing Slows
Despite mortgage rates pulling back over the past month, numbers are down 59 basis points from the recent peak of 5.22% according to the latest Fannie Mae survey, they continue to anticipate a slowdown in home sales activity.
Read More »