According to a new analysis from Harvard's Joint Center for Housing Studies, data revealed just how significant of an impact digitalization has on how Americans search for and finance homes. Click here to read more.
Read More »Higher Home Prices and Increasing Rates Causing Problems for Buyers
The “lock-in” effect is in full swing as the lack of sellers is impacting not just inventory but affordability as well.
Read More »PRMG Taps Aimee Eller as General Counsel
Paramount Residential Mortgage Group has announced that Aimee Eller, a mortgage banking expert with more than 25 years of industry experience, has joined PRMG’s executive senior leadership team.
Read More »Share of Cost-Burdened Households Headed by Single Moms Hits 43%
As nearly 18 million owner-occupied homes throughout the U.S. are now housing-cost-burdened, a new study from LendingTree revealed the share of households headed by single mothers are much more likely to overspend on housing costs than others.
Read More »How Home Sales Bloom in Spring and Summer
A new study from ATTOM showed home sellers saw a near 13% premium in May, with the annual analysis revealing the best months and days to sell a home in the U.S.
Read More »Annual Home Price Growth Continues to Cool as Demand Rises
Home prices rose in March according to the latest Black Knight Home Price Index, driven by a modest bump in demand and further depletion in for-sale inventory levels.
Read More »Despite Slide in Mortgage Rates, App Demand Declines
Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing, as the MBA reports overall app volume fell 1.2% week-over-week.
Read More »Western States Experience Glut of Home Price Declines
A total of 10 states saw annual home price growth decline from one year ago, most of them in the West.
Read More »Homeownership Remains Prohibitively Expensive for Many Americans
While monthly payments on many for-sale homes remain higher than they would’ve been a year ago, home prices are falling fastest in pandemic boomtowns like Austin and expensive coastal markets like Seattle and San Francisco.
Read More »Average Monthly Payment on New Mortgages Reaches $2,317
Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
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