Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.
Read More »Insuring Expensive Homes Getting More Expensive
A new report has found that homeowners in South Carolina are paying the most for homeowners insurance with a policy of at least $500,000.
Read More »Hike in Rates Drives Down Mortgage Apps
Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.
Read More »Florida Metros Show Lowest Percentage of Millennial Buyers
Across Miami, Jacksonville, and Tampa, an average of only 46.54% of mortgages were offered to millennials in 2021.
Read More »Rental Inventory Remains Scarce Amid Price Surge
Declining vacancy rates have contributed to record-breaking rent growth, as average annual rent price gains jumped to 7.8% in 2021.
Read More »Locals Increasingly Priced Out by Out-of-Town Buyers
A new study found that out-of-town buyers who came to Nashville, Philly, and New York City had a larger budget to purchase a home than locals.
Read More »Median Prices Rise in the Least Affordable Metros
Austin, Texas saw the biggest home price increase of any metro area in the U.S. in 2021, with home prices rising 35.5% year-over-year, according to a new OJO study.
Read More »Survey: Purchasing a Home Doesn’t Require Love
Once considered something of a prerequisite for buying a home, more couples are forgoing marriage and choosing to buy a house as partners instead of husband and wife. ...
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 »Commission Rates at Lowest Point Since 2017
The rate paid to brokerages is at its lowest point in at least four years and well below the 6% mark seen in the '90s.
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