As many seniors expressed worry about high interest rates, some 90% said they still want to age in place, but a new Point study revealed mounting costs for home improvements may be necessary in order to stay put.
Read More »Report: Staging a Home Reduces Time on the Market
According to NAR, 48% of seller agents reported that staging a home not only decreased a property’s time on the market, but also increased the dollar value offered by between 1% and 5% compared to similar homes on the market that were not staged.
Read More »Supply Remains Limited as Pending Home Sales Decline 19% YoY
"The lack of new listings is also one reason why sales are down: Buyers can’t buy if sellers don’t want to sell,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Home Improvement Spending Outpacing Homeowner Incomes
A new report revealed where home improvement spending is rising faster than incomes, as homeowners in Southern states were found to spend more on home improvements compared to large cities like New York and Philadelphia.
Read More »The Loan Store Acquires Homepoint’s Wholesale Operations
A nine-year participant in the originations market, Homepoint has announced the sale of certain assets of the company’s wholesale origination channel to national wholesale lender The Loan Store Inc.
Read More »Loan Originations by Independent Banks Breach Negative Profit Territory
Average production volume was $2.6 billion (8,371 loans) per company in 2022, down from $4.9 billion (16,590 loans) per company in 2021.
Read More »Expert Insights: Finding Originations Success in 2023
Ron Vaimberg, President of Ron Vaimberg International, speaks about the keys to origination success in today’s challenging economic environment.
Read More »Renters of Color Pay Higher Security Deposits, Application Fees
According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.
Read More »Mortgage Rates Drop Again, But Buyers Are Hampered by Short Supply
Even as mortgage rates edge closer to the 6% mark, homebuyers nationwide are faced with the prospect of low inventory, with new listings having fallen 21.8% year-over-year nationwide.
Read More »LGBTQ+, Black and Indigenous Buyers Burdened by Mounting Housing Costs
A new study from Realtor.com revealed LGBTQ+ and BIPOC are more likely to put smaller down payments on a home and spend more of their income on homeownership.
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