Tag Archives: Homebuying

Despite a tough home buying market and rising rates, April saw an increase of purchase loans that were closed according to a report. What are the factors likely to impact these numbers going into summer?

If the last three years are any indication, the homebuying season of 2018 is set to be as competitive, if not more. Click through to learn more.

From promotions and new appointments to awards and new technology, get the pulse of the mortgage business in this weekly update.

Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey ...

College degree holders consistently have higher homeownership rates than those without a degree, suggesting that despite all the worry about student-loan debt, more education is worth the hardships. ...

It seems the nation’s white-hot seller’s market may be starting to cool off—at least if a recent analysis is accurate. San Francisco, New York City, Miami, and other major cities are all showing subtle signs of slowing down, but does it spell the end of the seller’s market? And more importantly, will it become a nationwide trend? Only time will tell.

New data shows San Jose, California, homebuyers enjoy the fastest closing times in the nation, with an average of just 41 days to close. Six other cities came in at 50 days or less, including Dallas, San Francisco, and Denver. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

A new poll shows about half of non-homeowning Americans plan to buy a home in the next five years. Another 20 percent will buy in the next decade. Intent to purchase was highest with those between 35 and 54, as well as those located in the Southern U.S.

New data shows that August is the best time for homebuyers. According to recent analysis, housing inventory is up significantly by the end of summer, causing many sellers to reduce their listing price. In fact, buyers who wait until late summer may actually pay less than if they’d bought during other times of the year.

A new survey revealed that millennials may not want the homebuying process to be as digital as most expect. In fact, two-thirds actually would prefer using a local real estate agent or lender over an online-based one. The survey also revealed that 56 percent of millennials plan to purchase a home in the next two years.