While overall home sales remain down 24.4% year-over-year, February home sales increased nearly 17% from January, according to the RE/MAX National Housing Report.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Supply Constraints, Inflationary Impacts, and the Housing Market
In the early months of 2022, many of the conditions that impacted the market in 2021 will continue to play a role. However, there are also some new developments that promise to affect the market.
Read More »Study Finds Consumers Prefer Home Shopping to Dating
Just in time for Valentine's Day, nearly 75% Americans said they could fall in love at first sight with a home, as some recent movers say it's harder to find a house than a spouse.
Read More »Affordability Worsens as Prices and Rates Climb
First-time buyers spent an average of 25.6% of their household income on mortgage payments, making a home purchase unaffordable.
Read More »Mortgage Debt Hits $15.8T
Mortgage debt is now above the 2008 high of $14.7 trillion, but according to analysts, mortgage rates paint a positive picture.
Read More »Lenders Report Profits on ‘Solid Ground’
Strong economic conditions are pushing both lender profits and mortgage rates into stronger areas.
Read More »Mortgage Experts Comment on Steady Fed Rates
The Federal Reserve decided once again to delay a rate hike, and industry experts give their thoughts on why, and what we might expect moving forward.
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