As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Share of Mortgaged Homes Considered Equity-Rich Declined in Q3
According to ATTOM's 2023 U.S. Home Equity & Underwater Report, while the number of equity-rich homes dropped in Q3, the share of mortgaged homes in the U.S. that were considered seriously underwater did see improvements. Click through to read the latest analysis.
Read More »Homebuyers Resort to Family Roommates, Sharing Childcare to Save Money
Potential homebuyers are now co-buying and living with relatives for longer periods of time, according to a new survey from Realtor.com. Meanwhile, proximity to family remained a leading factor in choosing a place to live as many cohabiting Americans seek relief from childcare and housing costs.
Read More »Finding a Home Connection More Stressful Than Finding a Love Connection?
While purchasing a home can come with many challenges, according to a new Redfin survey, nearly 60% of recent homebuyers said purchasing a home is more stressful than dating, as mortgage rates remain at their highest level in more than two decades.
Read More »U.S. Home Mortgage Lending Recovers in Q2
A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.
Read More »California Housing Remains an Expensive Proposition
Occupying nine of the top 10 spots of the nation’s most expensive housing markets, the Golden State led the way in a CoreLogic study, driven by tech hubs, outdoor amenities, weather, and a strong economy.
Read More »Western States Report Biggest Drops in Home Equity
CoreLogic’s Chief Economist Selma Hepp said, “While homeowners in some areas of the country who bought a property last spring have no equity as a result of price losses, forecasted home price appreciation over the next year should help many borrowers regain some of that lost equity.”
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.
Read More »Study: Despite Pandemic Remodeling Boom, Aging Homes Need Additional InvestmentsÂ
A Harvard University study reveals the nation’s homes are older today than at any time ever recorded, and remain in dire need of critical maintenance.
Read More »Carrington Promotes the Loan Assumption Process
In a volatile mortgage rate environment, Carrington is offering assumable mortgages as another loan option in today’s real estate market.
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