...of existing homes for sale. This is partially a result of the so-called “lock-in effect,” in which existing homeowners are disincentivized from listing their homes for sale because their existing...
Read More »Search Results for: homeowners
Elevated Mortgage Rates Continue to Handcuff the Housing Market
...data shows prices are dropping in fewer metros nationwide as mortgage rates continue to rise. That’s because there’s so little inventory hitting the market, leaving homeowners handcuffed to their houses...
Read More »The Week Ahead: Balancing the Economy and Housing
...Services Committee Hearing "FHFA Oversight: Protecting Homeowners and Taxpayers" (Tuesday) MBA Weekly Applications Survey (Wednesday) Realtor.com Weekly Housing Market Recap (Wednesday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Department...
Read More »Housing Market Struggles Headed Into Peak Summer Season
...homeowners are stay put which are: The Golden Handcuffs of Low Mortgage Rates: “Existing homeowners are hesitant to sell their homes because mortgage rates are above 6%, and 83% of...
Read More »Study: High Rates Depress Refis; Cash-Out Refis Remain Strong
...homeowners are still interested in tapping their home equity, even at higher interest rates. It is also encouraging that purchase originations remain near the lower end of the normal activity...
Read More »Fewer Homes Are Selling Than Usual This Spring
...sellers are subdued–and so are a lot of prospective homebuyers. “Homeowners are locked in by low mortgage rates. They’re not selling unless they need to move for something like a...
Read More »HUD Awards More Than $22M to Expand Access to Affordable Housing
...Self-Help Homeownership Opportunity Program (SHOP) The SHOP program provides federal grants on a competitive basis to national and regional non-profit organizations and consortia that have experience in administering self-help homeownership...
Read More »Study: Both Lenders and Borrowers Facing Challenges
...how homeowners plan to leverage home equity; questions centered around the likelihood of homeowners to apply for a home equity line of credit or mortgage...or refinanance an existing mortgage or...
Read More »What a Debt Ceiling Default Could Mean for the Mortgage Industry
...and not put more strain on Americans who are striving to achieve their homeownership dreams." Home shoppers already are finding few options they can afford this spring, and it's estimated...
Read More »Homebuyers Remain Optimistic Despite Challenging Market Conditions
...them throughout their homeownership journey." Key findings: Seeking homeownership: More than half of respondents say they are open to purchasing a home Despite shifting market conditions, more than half (52%)...
Read More »