According to the National Association of Realtors, up to 95% of buyers now use the internet at some point during their search process.
Read More »Rising Home Prices Further Curtailed Affordability in Fall
More than half of the 20 markets reported by S&P CoreLogic Case-Shiller experienced increased price growth in November, particularly in the nation’s warmer markets.
Read More »The Average Home Now Costs More Than $475k
Lack of sufficient inventory combined with inflation and the threat of rising interest rates continue to put pressure on the market.
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 »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 »Homeowners Gain Nearly $225K in Equity Over the Past Decade
Homeowners in metro areas are likely to have accumulated enough equity in the past 10 years to purchase a single-family home.
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 ...
Read More »Now Is the Time to Readdress Conforming Loan Limits
In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, ...
Read More »Rate Locks Down 35% Year-Over-Year
The latest Originations Market Monitor from Black Knight Inc, shows another big slowdown in momentum in December as rate lock volumes fell across the board, driven by a 22.5% drop in purchase loan locks. The report leverages daily rate ...
Read More »Vermont Remains Top State to Move To
Migration is essential to the American way of life—people move seeking different climates, better job opportunities, cost of living, or to be closer to family. Long gone are the days of ...
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