Borrower Insights Survey for 2023 The home lending market in 2022 was characterized by extreme fluctuations, and 2023 might witness more of the same. This survey paints a picture of a challenging landscape in 2022 for borrowers, renters, and lenders, largely due to high-interest rates and the possibility of an
In September, only 19% of consumers indicated that it’s a good time to buy a home –down from 22% the prior month– while 59% indicated that it’s a good time to sell. Year over year, the full index is down nearly 14%.
Numbers continue to be far above the near 70% of counties that were historically less affordable in Q3 of 2021, —marking yet another high point reached during the country’s 11-year housing market boom.
After posting gains this summer, for-sale inventory levels stalled in August growing at a fraction of the rate seen in recent months as sellers are more frequently choosing to remain in their homes instead of moving.
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022.
Hispanic homeownership has steadily grown for seven consecutive years, and it is predicted that Hispanic households will account for 70% of homeownership growth over the next 20 years.
With buyers are seeking smaller mortgages, and “house hacking” quickly becoming the new norm, Pairadime conducted a survey of 1000 millennials in the US around their outlook on home buying, with the results revealing more millennials are looking for smart solutions to achieve their home ownership dreams.
The United States Department of Agriculture (USDA) established its Single-Family Housing Guaranteed Loan Program in 1991 to help expand access to mortgage financing in rural areas. Since then, nearly 1.5 million rural residents have purchased homes with USDA loan guarantees, and more than 134,000 buyers have used USDA’s loan guarantees to purchase
According to a new report from Redfin, nearly one-third —or 31.4%— of U.S. home purchases were paid for with all cash in July. That’s near the eight-year high reached in February and up from 27.5% a year earlier.
While many in the housing market are predicting a shift in power to buyers’ favor, that switch may not be coming anytime soon to according to a recent NerdWallet report due to tempered demand due to higher mortgage rates.
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