Homeowners nationwide are staying put as a historically low supply of existing homes for sale continues to make homeownership more difficult for buyers. New Fannie Mae research examines the factors that are keeping homeowners locked in place and leaving homebuyers in the lurch.
Read More »Mortgage App Volume Falls for Third Straight Week
Despite the fixed-rate mortgage dipping slightly over last week, rates still linger nearly 30 basis points higher than they were a month ago. The MBA reports purchase apps have dropped to their lowest levels since 1995, and refi apps to points last found in January 2023.
Read More »Q3 New Home Construction Reaches Highest Share on Record
The number of homeowners putting their houses up for sale has decreased as mortgage rates hit a 23-year high, according to a new Redfin report. The study showed that nearly 31% of U.S. homes for sale are newly built—but a slowdown may be on the horizon. Click through to learn why.
Read More »Nearly Half of All Americans Believe Now is a Bad Time to Buy
While about a third of Americans believe they’ll never be able to afford their dream home, a new survey from Bankrate revealed that almost 50% of respondents suggest that now isn't the best time to buy a home based on current market conditions. Click through to explore the latest on homebuyer sentiment.
Read More »Updated Home Price Index Report Reveals It’s Better to Rent—For Now
The gap between cost to own and cost to rent narrowed in the third quarter when also factoring in taxes, maintenance, utilities etc. Click through to find out why, in light of sky-high rents, it is still cheaper to rent than to buy in most markets.
Read More »MGIC Appoints Mike Thompson to Its Board of Directors
Current CEO of Fair Oaks Foods is named to the Board of MGIC to share his expertise in risk management with the company.
Read More »HUD Issues New Guidance on Reverse Mortgages
The FHA has released comprehensive guidance for the Home Equity Conversion Mortgage program to enhance delivery for seniors choosing to age in place in their own homes.
Read More »Housing Horrors: Ghost Towns on the Rise
A new study from Hire a Helper reveals three more U.S. towns—all located in the South—have officially reached a population of zero, and experts believe more population declines are expected to come. Click through to learn what’s driving these trends.
Read More »Midwest Markets Gaining More Popularity
Potential homebuyers are looking at areas with affordable home prices and lowered housing costs, according to a new WSJ/Realtor.com report, which showed the Midwest is emerging as a new option for home shoppers despite facing low inventory and a quick market pace.
Read More »YoY, MoM Increases in Home Prices: Now at All-Time High
On a yearly and monthly basis, home prices increased at a steady pace with only two of the top-30 metropolitan areas reporting declines. Click through to find out what else Septembers’ Home Price Index reveals.
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