A new study from Zillow has found that workers making minimum wage need three roommates or four jobs to afford the average two-bedroom rental.
Read More »Borrowers Utilizing Rate Buydowns Trends Upward
According to new data from Optimal Blue, rate lock data showed moderate signs of an early-January rebound in purchase locks, while refis remain constrained despite a full percentage point rate decline since its October 2022 peak.
Read More »San Francisco Homebuyers Paying Less Per Year
As monthly housing payments fall from their peak due to declining mortgage rates and home prices, the median monthly housing payment for San Francisco homebuyers dropped nearly 15%, renewing homebuyer interest in the area.
Read More »Slowing Home Sales and Price Growth Continue to Shift Market
Although sellers’ markets outnumber homebuyers by many, according to the latest data from the Knock Buyer-Seller Market Index, the nation's 100 largest housing markets are continuing to move in the direction of favoring homebuyers.
Read More »Home Improvement Projects Return Less Than One May Think
According to new data, even “luxury” upgrades were found to have a poor ROI with half coming in at 50% or lower.
Read More »Good News for Buyers: Mortgage Rates Inch Down
“Mortgage rates inched down again, with the 30-year fixed-rate down nearly a full point from November, when it peaked at just over 7%,” said Sam Khater, Freddie Mac’s Chief Economist.
Read More »Ten Quarters of Equity Gains Come to a Close
While home equity levels remained relatively flat, equity rich properties now make up 48% of all mortgaged properties.
Read More »Homebuyers Gain Bargaining Power as Mortgage Rates Fall
As the number of homes for sale continues to grow compared to last year, January offered homebuyers greater bargaining power, with mortgage rates falling to their lowest level in months.
Read More »Mortgage Applications Make Big Move
“Mortgage rates declined for the fourth straight week and have now fallen almost 40 basis points over the past month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »TransUnion Releases the Q4 2022 Quarterly Credit Industry Insights Report
According to TransUnion’s Q4 2022 Quarterly Credit Industry Insights Report, Q4 of 2022 saw many consumers continuing to look to credit as a means to help stave off financial pressures caused by inflation.
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