Diminished demand in the housing market has been further dampened by erratic mortgage rates, which dipped slightly this week, as affordability issues continue to put buying significantly out of reach for many.
Read More »Mortgage Apps Fall for Sixth Consecutive Week
Mortgage rates exceeding the 7% mark have driven overall mortgage app volume down, with refi apps continuing to run more than 80% below last year’s pace.
Read More »Experts: Buyers Will Return to Power in 2023
A new Zillow survey of 107 housing market experts and economists found one common thread where all respondents agreed: sellers will relinquish the recent control they have had ...
Read More »More Affluent Buyers Turning to ARMs
An erratic mortgage rate market has not necessarily been a “farewell to ARMs,” as Zillow reports the share of ARM apps hit a 15-year high point, comprised primarily of those making nearly $75,000 more than the average borrower.
Read More »Affordability in Question as Mortgages Get More Expensive
Another shocking record high has been reported by Zillow’s May 2022 Market Report as mortgage payments are now higher than rent in 40 of the 50 largest metropolitan areas. ...
Read More »Is a Housing Bubble Pending? Survey Says…
As the market continues to hit record marks nearly unabated over the last few months, the topic of bubbles is being brought up around watercoolers and coffee machines ...
Read More »Timing the Greatest Return on Home Sales
Listing on a Thursday in late April can earn 2.8% more, or approximately $9,300 on the average U.S. home, according to a new Zillow report.
Read More »Millennial Demand Forcing Rise in Home Prices
As the supply of available homes continues to shrink, home value growth is being seen in areas with the highest population of children.
Read More »Cost to Lease a Home Soars
As average monthly payments approach $2k, some members of the "rent forever" set might be rethinking homeownership, researchers report.
Read More »Housing Payments Cutting Deeper Into Monthly Income
With housing prices on the rise, an increasing amount of monthly income is being dedicated toward housing, with rent paid as a share of income forecast to exceed 30% by December.
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