It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest ...
Read More »Mortgage Rates Hit 11-Year High
Not since early 2011 have mortgage rates hit the 5% mark, but this week, that became a reality, as elevated home prices and short supply are making the dream of homeownership an expensive proposition.
Read More »Housing Costs Spark Record Share of Buyers Looking to Relocate
According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% ...
Read More »Renters Say Debt Is Preventing Them from Buying
According to a new report from Redfin, roughly 32% of renters nationwide are doing so because they can’t afford to buy a home in the area they desire ...
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 »Redfin Acquires Bay Equity Home Loans
Under terms of the $137.8 million deal, Redfin will wind down its Redfin Mortgage business, and Bay Equity will continue to operate under its own name with current leadership.
Read More »Homes Selling at Highest Price, Fastest Pace in History
According to a new report from Redfin, mortgage rates are climbing at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more ...
Read More »Mortgage Rates Jump Nearly 1.5% YoY
Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.
Read More »Hike in Mortgage Rates Pushes Overall Apps Further Downward
With mortgage rates hitting a three-year high, the MBA recorded continued declines in both purchase apps and refis last week.
Read More »Condo Prices Soar in 2022 as Demand Returns
At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
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