For the first time in nearly 11 months, solid demand, a lack of existing inventory, and an improvement in supply chain efficiency have all contributed to an uptick in home builder confidence nationwide.
Read More »Home Sales Down 18.7% Year-Over-Year, Hampered by Lagging Inventory
"Lack of inventory remains the biggest challenge for homebuyers," said Nick Bailey, RE/MAX President and CEO. "With the vast majority of homeowners having a mortgage rate under 5%, we're not seeing as much move-up activity as usual."
Read More »HUD Issues Final Standards for Assisted and Insured Housing
The U.S. Department of Housing and Urban Development announced the pending publication of the Final Inspection Standards Notice, which will align and consolidate inspection requirements in assisted and insured housing.
Read More »The Week Ahead: Keeping Score on the Path to Homeownership
FICO will host its “Score a Better Future” educational webinar to provide consumers with the knowledge and tools to gain better insight into their financial health along the road to homeownership.
Read More »Pending Home Sales Down 17% YoY
Pending home sales are down nearly 20%, representing the biggest decline in over four months, but people are still showing interest in homebuying despite the total number of U.S. homes for sale declining 6% from last June.
Read More »Mortgage Rates Fall for Second Consecutive Week
Freddie Mac reports that anticipated Federal Reserve rate hikes forced the 30-year fixed-rate mortgage downward yet again, leading to a slight rise in overall application activity.
Read More »Lakefront Property Listings Surge $6B Since February
If you are looking for a home for summers or a permanent residence, now may be the time to get into the market, as the number of listings on lakes has jumped dramatically this year.
Read More »Recent Housing Market Downturns Targeting Western Regions, Upscale Areas
"We are starting to see some patterns that show where the U.S. housing market is cooling off and how it's hitting homeowners based on some key metrics. It looks so far—and it's important to stress, so far—to be having more impact in places with the highest housing costs and less impact elsewhere," said Rob Barber, CEO at ATTOM.
Read More »Guild Mortgage Introduces 1% Down Payment Program
In today’s real estate market, every dollar counts, especially for low- to moderate-income homebuyers. Guild Mortgage’s new product buys down the mortgage interest rate for the first year and only requires a 1% down payment.
Read More »Homeowners Locked Into Low Rates Continue Fueling Supply Shortage
Homeowners holding onto mortgage rates below 6% are fueling a nationwide shortage of new listings, as a new report from Redfin revealed more sellers are staying put due to increasing rates and high home prices.
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