"Because of homebuilders' ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. This underscores the importance of increased inventory in helping to get the overall housing market moving," said Lawrence Yun, NAR’s Chief Economist.
Read More »Continued Mortgage Rate Hikes Subduing Homebuyer Demand
As we head into Halloween, mortgage rates continue to edge closer to the 8% mark, resulting in the longest consecutive rate rise reported since the Spring of 2022. Click through to see what else buyers may fear as we enter the final months of 2023.
Read More »Average Nationwide Mortgage Payment Drops Slightly in September
The MBA reports that affordability improved slightly for the nation’s homeowners in September, as the national median payment applied for by purchase applicants fell slightly month-over-month. Click through to learn more about the changes.
Read More »Austin Real Estate Losing Steam (But Is That a Good Thing?)
“I’m telling buyers that this is the first time in years they can get a deal on a house, even with high mortgage rates,” said Austin-area Redfin Premier Agent Carmen Gioia.
Read More »Survey: Americans Want Their Voices Heard in Affordable Housing Discussions
According to a new survey, less than two in five Americans agree that their voice is being heard in conversations about housing affordability. Many respondents also cited the desire for stronger leadership discussing the topic in their communities. Read more from the survey by clicking through.
Read More »Midwest Ranked Most In-Demand Rental Region for October
Housing activity is still hot as the market transitions from peak rental season, with the Midwest dominating October’s top 30 list of cities with the most rental activity, landing 12 entries in RentCafe's rankings.
Read More »23-Year-High Mortgage Rates Further Suppress App Volume
With the 30-year, fixed-rate mortgage edging closer to eclipsing the 8% mark, the MBA reports overall application volume falling from last week’s total, dipping to the slowest weekly pace reported since 1995.
Read More »With Down Payments Topping $84K, Here’s Where Your Money Goes Furthest
Even though zero-down-payment programs exist, the more a person can put down on a home, the more likely they are to get approved for a mortgage and/or be offered a lower interest rate. But as with many things, it comes down to location, location, location...
Read More »What’s Stressing U.S. Homeowners Out?
The second annual Home Equity Punch List survey breaks down the primary sources of anxiety American respondents reported this year, ranging from medical debts to housing costs. Click through to read the full results.
Read More »Haunted Housing: How Many Homebuyers Would Buy a ‘Haunted’ House?
A new Zillow study revealed that while homeowners remain worried about expenses and financial longevity, a surprising number of prospective homebuyers said they could be convinced to buy a haunted house if it had the right features.
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