Redfin found that new home listings in September ticked upward, marking the largest increase recorded since February 2022. Click through to find how the overall market has been impacted.
Read More »Home Builder Confidence Dips for Third Consecutive Month
With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.
Read More »I Do! (Want a Home)
A new report from Zillow has found that more couples are turning to wedding registries for assistance in buying their first home in lieu of traditional wedding gifts. Read on for details on how many newlyweds are getting creative in their pursuit of homeownership funds.
Read More »Mortgage Rates Push Closer to the 8% Mark
“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.
Read More »Trio of Trade Groups Propose Solution to Promote Homeownership
NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.
Read More »Mortgage Rates Rise for Fifth Consecutive Week
Freddie Mac reports the 30-year fixed-rate mortgage rose to an average of 7.57% this week, as purchase demand remains at a three-decade low.
Read More »Former Federal Home Loan Bank of Chicago Exec Launches National Correspondent Lender
Bringing 30 years of industry experience to his new role, Stephen Thomas has launched minority-owned, national correspondent lender FutureWave Finance to expand homeownership nationwide.
Read More »Nearly 2.5 Million U.S. Households Moved Into SFR Homes Over the Last Year
Through an analysis of U.S. Census Bureau data, the National Rental Home Council reports a 5.3% year-over-year increase of households moving into single-family rentals.
Read More »Homebuyer Demand Scales Back as Mortgage Rates Remain at 20-Year Highs
Mortgage rates rose 18 basis points week-over-week according to Freddie Mac, forced upward by the trajectory of the 10-year Treasury yield, shifts in inflation, and the labor market.
Read More »Mortgage Rates Climb to 23-Year High Point
Freddie Mac reports that mortgage rates reached levels last seen in December 2000, as the 30-year fixed-rate mortgage rose 12 basis points week-over-week and low supply continues to create affordability challenges for prospective buyers.
Read More »