Lack of sufficient inventory combined with inflation and the threat of rising interest rates continue to put pressure on the market.
Read More »Home Values Up Nearly 20% From Last Year
People were not just fighting to get gifts this holiday season, they were also eager to get into homes entering the market in droves. But those that entered the market were ...
Read More »Existing Home Sales Break Streak and Drop in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month ...
Read More »Open Mortgage Fills Newly Created Position
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has named seasoned mortgage leader Scott Harkless to the newly-created position of Chief Revenue Officer. Harkless will report directly ...
Read More »Senior Home Wealth Grew by Billions in Q3
In the third quarter of 2021, senior citizens collectively gained $396.1 billion in equity, a 3.7% rise.
Read More »Home Equity Rate Forecast for 2022
The Federal Reserve has already signaled that rising rates are on the horizon for 2022, but Bankrate has released a new forecast predicting that rates will be adjusted at least twice this ...
Read More »The Midwest: Where Saving for a Down Payment is Easiest
Saving for a down payment is one of the most important steps in the homebuying process. But as the average home price eclipses $380,000, the amount buyers need to save up ...
Read More »Poll Indicates Buyers Overwhelmingly Stressed About Their Purchase
Searching for the perfect home requires a little give and take; you have to balance location, price, and style among other things. And in the current market, where the average home is now going for $380,000 and are selling in ...
Read More »Exclusive Bidding Rights on HUD Homes Extended
As part of the Department of Housing and Urban Development’s mission to increase homeownership among credit-worthy low- to moderate-income people, the agency has announced that it is extending the Exclusive Listing Period for HUD ...
Read More »What Factors Are Holding Back Black Homeownership?
Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the ...
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