The MBA reports a near 9% week-over-week slide in mortgage applications, as cautious buyers proceed through the spring season amid continued affordability challenges and limited supply.
Read More »Gen Zers, Millennials Cite Affordability as Deterrent to Homeownership
A new report from Zillow has found that younger generations still believe owning a home is part of the American dream but believe they might need to win the lottery in order to achieve that dream.
Read More »New Home Purchase Apps Rise YoY
The MBA reports that despite rates over the 6% mark and low for-sale inventory stunting overall sales, mortgage applications for new home purchases increased 0.6% in March compared to one year ago.
Read More »HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness
To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.
Read More »Inflation Hampering Home Improvement Projects Nationwide
A new analysis of data from Discover Home Loans has found that 75% of homeowners are finding projects to be more expensive than originally budgeted, causing some to reconsider their renovation plans.
Read More »WFG National Title Announces Management Changes
Title insurance and real estate settlement services provider welcomes back David Jenkins as SVP, National Agency Manager, and promotes Tim Hooper to SVP, Mid-Atlantic Regional Manager for the company’s Agency Operations.
Read More »Rents Post First Annual Decline in Three Years
A new analysis of rent data from Redfin has found that the median asking rent fell 0.4% in March to the lowest level in 13 months, marking the first annual decline since the coronavirus was declared a pandemic.
Read More »The Week Ahead: Examining the Legalities of Tenant Background Checks
The Harvard Joint Center for Housing Studies will present a discussion on how granting landlords, employers, and other gatekeepers access to criminal records can create serious barriers to housing, jobs, and other opportunities.
Read More »Mortgage Rates Fall for Fifth Straight Week
A deceleration in inflation has sent mortgage rates tumbling for the fifth consecutive week, pushing mortgage apps upward to launch the spring homebuying season.
Read More »Mortgage Apps Rebound After Down Week
The MBA reports that overall mortgage application volume rose this week, jumping after a week of declines, as fixed-rates continued to slide toward the 6% mark.
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