Buying
Housing Sentiment Slips Again, Nears Record Low
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%.
Homeownership Remains ‘Historically’ Unaffordable in Most of U.S.
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.
August Inventory Holds Steady; Market Remains 600,000 Units Short
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.
Elevated Purchase Demand Fueling Housing Market Potential
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022.
Hispanic Homeowners Account for Rise in Housing Growth
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 Homeownership Out of Reach for Many, Millennials Explore Co-Buying
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 Week Ahead: Senate to Examine the State of Rural Housing
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
Share of All-Cash Purchases Remains Elevated, Loans Inch Upward
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.
Home Affordability Hits Another Low in Q2
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.
House-Hunting Process Wearing on Renters
According to a new Zillow report, finding and landing a rental is stressing Americans out nationwide. The typical monthly rent in the U.S. has soared to a record high of $2,031, and the latest Zillow survey reveals just how tired and burnt out Americans are as they search for new
The Role of Interest Rates in Reverse Mortgages: What You Need to KnowJune 24, 2024
How to Secure a Construction Loan: Essential Tips for SuccessMay 8, 2024
14 Common Home Buying Mistakes to Avoid—And Buy the House of Your DreamsFebruary 23, 2024
How to Qualify for a Reverse Mortgage: Eligibility Criteria ExplainedJanuary 8, 2024
Boost Your Borrowing Power: How to Improve Your Credit Score for a DSCR LoanDecember 28, 2023