According to a new report from Redfin, some homebuyers are resuming their search as home prices and mortgage rates dip.
Read More »Homebuyer Optimism on the Rise as Rates Continue to Decline
Freddie Mac reports the fixed-rate mortgage sliding for the sixth straight week, with the downward trend in rates resulting in a rise in refis, offsetting a week-over-week decrease in purchase activity.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »Recessionary Conditions Predicted by Fannie Mae in Q1
Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.
Read More »Nearly a Quarter of Homebuyers Looking to Migrate Between Metros
Though high mortgage rates and economic inflation are discouraging many Americans from moving, among the people who are still buying homes, one in four are searching outside of their hometown in relatively affordable areas and hotspots like Las Vegas and Florida.
Read More »Drop in Rates Spurs Rise in Overall Mortgage App Volume
As the fixed-rate mortgage slips another week, the MBA reports that mortgage apps have risen week-over-week amid news of the Fed’s latest action to correct the nation’s inflationary concerns.
Read More »The Cost of Prepping a Home for Sale
A new report identifies the most common home improvements being made during the winter in advance of the spring homebuying season.
Read More »Declining Rates Reel Homebuyers Back In
According to a new report from Redfin, the Homebuyer Demand Index revealed declining rates have lured some homebuyers back into the housing market, with the typical home’s time on market rising at its fastest annual pace on record.
Read More »Older Homeowners Plan to Stay Put
Most Americans over the age of 45 who already have a house do not intend to sell, a factor that will continue to exacerbate nationwide home inventory shortages.
Read More »Home Prices Rapidly Cooling in Former Booming Markets
Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.
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