The MBA reports a near 9% week-over-week slide in mortgage applications, as cautious buyers proceed through the spring season amid continued affordability challenges and limited supply.
Read More »Gen Zers, Millennials Cite Affordability as Deterrent to Homeownership
A new report from Zillow has found that younger generations still believe owning a home is part of the American dream but believe they might need to win the lottery in order to achieve that dream.
Read More »Middle-Income Homeowners Gain Wealth From Home Appreciation
According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.
Read More »Home Prices Up Nearly 8% Nationwide From Last March
Both home sellers and homebuyers continue to struggle to navigate the market, with a new seller survey from Realtor.com revealing that home prices are up 7.8% from last year.
Read More »Amid Market Concern, First-Time Buyers Maintain Optimistic Outlook
As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.
Read More »Expert Insights: Finding Originations Success in 2023
Ron Vaimberg, President of Ron Vaimberg International, speaks about the keys to origination success in today’s challenging economic environment.
Read More »After Four Weeks of Increases, Mortgage Apps Tick Downward
Continued low mortgage rates have not equated into a strong start to the spring homebuying season, as the MBA reports a decline in overall application volume after four consecutive weeks of increases.
Read More »Share of Americans Living Rent-Free Surpasses Nearly Four Million
While the share of adults behind on rent surpassed eight million nationwide, a new LendingTree study revealed an estimated 3.6 million Americans currently live rent-free, another financial alternative to combating inflated housing costs.
Read More »Mortgage Apps Increased in February as Homebuyer Affordability Declined
As high mortgage rates and inflated home prices persist, a new report from the Mortgage Bankers Association revealed the national median payment applied for by purchase applicants increased nearly 5% in February.
Read More »Texas Targeted as a Top Relocation Destination
A new analysis from United Regions Van Lines examines the states that offer the greatest housing savings and which states rank highest in employment opportunities.
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