Relaxing mortgage rates equate to serious savings for buyers, and those shifts are beginning to lure some previously hesitant homeowners back into the sellers’ market.
Read More »The Mystery of Overdraft Fees
Overdraft and NSF fees are still hitting consumer’s bank accounts, to their surprise, every year to the tune of billions of dollars according to the Consumer Financial Protection Bureau.
Read More »Affordability at a Tipping Point?
"The good news is that home affordability has stopped getting tougher around the U.S., at least for the moment. The bad news is that owning a home remains more of a financial stretch than it's been for many years," said Rob Barber, CEO for ATTOM Data.
Read More »Homes Becoming More Out of Reach, Even for Top-Earners
The combination of the affordability crisis and 8% mortgage rates are a problem not just for the middle class, but high-income earners as well. Read a new analysis of where homebuyer money stretches the furthest by clicking through.
Read More »Home Values Drop as Fall Buying Season Heats Up
Currently, homes are on the market for an average of just 15 days, roughly half the time of pre-pandemic norms, according to a new Zillow report.
Read More »Study: Colorado Hottest Place for Remote Workers
A new study of all 50 states and D.C. revealed remote workers are flocking to Colorado, due in part to a high ratio of remote homebuying tools such as 3D-tours, virtual walkthroughs, and remote online notarization.
Read More »Some Homeowners Feel Negatively About Building More Housing Near Them
A recent Redfin survey revealed nearly 80% of respondents support promoting building more housing, while 20% of them remain opposed to building an apartment complex in their neighborhood.
Read More »Low Inventory, High Demand Boosts Home Prices
“While the uptick in new listings is good news for home shoppers, inventory remains persistently low, even with record-high mortgage rates putting a damper on demand," said Danielle Hale, Chief Economist for Realtor.com.
Read More »Number of Younger Buyers Purchasing for First Time Jumps
"A greater relative share of first-time buyers is filling the gap, and they're competing against each other for the limited number of affordable starter homes on the market," said Zillow Senior Population Scientist Manny Garcia.
Read More »Breaking Down Pre-Summer Mortgage Performance
Molly Boesel, Principal Economist for CoreLogic, noted, “While early delinquencies for 2022 mortgage originations are about the same rate as those in other rising interest-rate environments, loans with low down payments are exhibiting comparably higher-than-usual early delinquencies.”
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