Signing bonuses are a widespread practice within the mortgage business, and STRATMOR Group Senior Partner Jim Cameron analyzed the industry’s approach toward them by highlighting how bonuses are structured, and how new data and tools can help lenders understand more about the potential of the loan officers they're retaining.
Read More »High Prices, Mortgage Rates Pushing Buyers Toward More Affordable Areas
New data from Redfin recently revealed that buyers are seeking out less expensive areas like Tampa and San Antonio due to the surging cost of housing and other goods, limiting their ability to purchase homes in many U.S. cities.
Read More »Generation Gap: How Americans’ Preferred Housing Styles Vary by Age
As homebuyers continue their house hunt, finding a home that’s perfect is not just about the right timing and price —it’s also about finding the right style. HomeAdvisor ...
Read More »Homebuyer Assistance Programs Continue to Grow
During a quarter of difficult buying conditions, Down Payment Resource’s Q2 2022 HPI report shows sufficient growth in homebuying assistance programs for the third consecutive quarter, despite economic conditions limiting available funding.
Read More »Renting Remains Most Affordable Option in Major Metros
In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.
Read More »Budgets Remain Constrained for Buyers
Housing-market competition is declining rapidly due to higher mortgage rates and home prices, amid inflation and a falling stock market, causing many house hunters to drop out of the market completely.
Read More »Younger Homeowners More Likely to Make Green Home Improvements
According to the latest Fannie Mae National Housing Survey, roughly half of homeowners aged 18-34 would be interested in making energy-efficiency improvements such as installing solar panels, while the share of these figures was much higher than the average level of interest across the general population of homeowners.
Read More »Affordability Challenges Mount as Market Rebalancing Accelerates
Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019, while affordability challenges continue to persist for buyers, especially in expensive markets.
Read More »Purchase Mortgage Apps for New Homes Slip in June
Recent Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2022 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago. ...
Read More »Economic Forces ‘Taking a Bite Out of Homebuyer Budgets’
New data from Redfin shows inflation and high mortgage rates continue to hinder homebuyer budgets, as pending sales continue to slip.
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