The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
Read More »Nation’s Longest Home Price Boom Ends with Price Decline
Lasting more than a decade, the longest-running home price boom has come to an end, as new Research from American Enterprise Institute showed significant price declines from record peaks in almost all of the nation's 60 largest metros.
Read More »Analysis: Grocery Stores and the Housing Market
Homeowners near certain grocery stores, such as Trader Joe’s, report a massive impact on their home values.
Read More »Gen Z Reacts to Inflation by Seeking Additional Incomes
A recent Bank of America survey revealed that as inflation persists, an estimated 75% of young adults are seeking more ways to earn additional income, as challenges of achieving their financial goals remain constrained.
Read More »Mid-Size Cities Top List of Best Metros for Families
A new StorageCafé study showed the South dominated the list of the 20 most family-friendly cities, with the Lone Star State grabbing five spots in the rankings, as Plano, Texas, was named the best city in which to raise a family.
Read More »Millennials, Gen Z Increasingly Gravitating Toward HELOCs
A new report from Citizens Financial found that homeowners are following their home’s equity more closely as prices continue to fluctuate.
Read More »Refinance Mortgage Originations Reach Lowest Point Since 2019
According to a new market analysis from ATTOM, lenders issued 660,767 residential refinance mortgages in Q3 of 2022, marking the smallest count recorded since Q1 of 2019, down 31% from Q2 of 2022.
Read More »Report: Homebuyers Fail to Put Due Diligence into Researching Lenders
According to Zillow, a majority of homeowners put more time into shopping for a new vehicle than they did looking for a mortgage lender. Click through to find out what that means.
Read More »Housing Market Improvement Predicted in 2024
“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.
Read More »One-Third of Borrowers Accept First Mortgage Offer
Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.
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