A new study from LendingTree found that mobile homes are much less expensive than single-family homes, offering homebuyers a cheaper alternative in purchasing. However, data revealed that mobile homes appreciated in value almost as quickly as single-family homes nationwide from 2016 to 2021.
Read More »Higher Rates Impacting the Overall Mortgage Credit Landscape
Mortgage credit availability fell slightly in June, according to the MBA, as mortgage rates reacted to the Fed’s actions in raising the nominal interest rate to curb inflation.
Read More »Median Sales Price Surpass Record $400k
While existing-home sales fell 3.4% in May, median sale prices exceeded $400,000 for the first time, representing a nearly 15% increase from 2021.
Read More »The Dawn of a New Reality in Condo, Co-op Lending
Orest Tomaselli of CondoTek explains how sweeping changes by the GSEs as a result of the Champlain Towers tragedy have altered how lenders evaluate borrowers seeking condo and co-op properties.
Read More »Condo Prices Soar in 2022 as Demand Returns
At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
Read More »10 Housing Predictions for 2022
An analysis finds that higher rates may stifle price growth, with new listings hitting a 10-year high in the new year.
Read More »New Rules to Protect Consumers From Unsafe Condos
In response to mounting concerns about aging condos after the Champlain Towers South collapse in Surfside, Florida, Fannie Mae has instituted new rules about deferred maintenance before they will take on the loan.
Read More »Single-Family Homes Selling at Prices 17% Above Condos
According to a new analysis from Redfin, the typical American single-family home that sold this year went for an average price that was 17.3% more than the typical ...
Read More »Good News for 55+ Homebuyers
Why are builders and developers in the 55+ housing market are reporting strong demand across the country? Click through to learn more.
Read More »Why Aren’t More Millennials Buying Homes?
They want to buy but few young Americans plan to purchase a home in the near term. Here’s what a report revealed about why millennials are uncertain about investing in their own abode.
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