Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »The Best Time to Sell in 2023
According to a new study from Realtor.com, homeowners who list the week of April 16-22 will experience the best combination of market conditions and could receive $48,000 more for their home than at the start of the year.
Read More »U.S. Mortgage Credit Availability Slips in February
“Mortgage credit availability decreased to its lowest level since January 2013 with all loan types seeing declines in availability over the month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Renters Nationwide Are Reconsidering Their Housing Options
Apartments are becoming increasingly difficult to find in small, low-profile markets across the U.S, as a new report from RentCafe revealed inflation, rate hikes, elevated home prices, and increased costs of living are pushing many renters to re-think their housing options.
Read More »Borrowers Taking Out More ARMs to Offset Rising Rates
Interest in jumbo and adjustable-rate mortgages is increasing as borrowers look for ways to offset inflationary pressure and higher interest rates.
Read More »Rise in Interest Rates Force Home Prices Lower
“Prices falling from a year ago is a milestone because it hasn’t happened since the housing market was recovering from the 2008 subprime mortgage crisis. But it’s not surprising and in many ways, it’s welcome,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Pat Bolan Joins New American Funding as Chief Production Officer
Bringing more than 30 years of experience to his new role, Bolan looks to grow New American Funding’s sales team, the overall structure of its retail sales division, and synergies between all departments at the company.
Read More »U.S. Loses 58 ‘Million-Dollar’ Cities Since Market’s Peak in July
According to a new report from Zillow, the rebalancing of the housing market has been felt the most in areas where affordability is stretched, as the share of U.S. cities where the typical home value is $1 million or more declined from 522 to 464 since last July.
Read More »Mass Migration From High-Cost Coastal Metros Continued in 2022
Home prices and elevated mortgage rates prompted many to move from big, high-cost coastal metros in 2022.
Read More »Homebuyers’ Monthly Payments Hit All-Time High Amid Rising Rates
Inflated mortgage rates and home prices pushed monthly housing payments to a record high of nearly $2,600, according to a new report from Redfin.
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