Housing activity is still hot as the market transitions from peak rental season, with the Midwest dominating October’s top 30 list of cities with the most rental activity, landing 12 entries in RentCafe's rankings.
Read More »23-Year-High Mortgage Rates Further Suppress App Volume
With the 30-year, fixed-rate mortgage edging closer to eclipsing the 8% mark, the MBA reports overall application volume falling from last week’s total, dipping to the slowest weekly pace reported since 1995.
Read More »With Down Payments Topping $84K, Here’s Where Your Money Goes Furthest
Even though zero-down-payment programs exist, the more a person can put down on a home, the more likely they are to get approved for a mortgage and/or be offered a lower interest rate. But as with many things, it comes down to location, location, location...
Read More »What’s Stressing U.S. Homeowners Out?
The second annual Home Equity Punch List survey breaks down the primary sources of anxiety American respondents reported this year, ranging from medical debts to housing costs. Click through to read the full results.
Read More »Haunted Housing: How Many Homebuyers Would Buy a ‘Haunted’ House?
A new Zillow study revealed that while homeowners remain worried about expenses and financial longevity, a surprising number of prospective homebuyers said they could be convinced to buy a haunted house if it had the right features.
Read More »Residential Remodeling Activity to Get a Reboot Next Year?
While unwarranted repairs remain a hassle for many homeowners, annual spending for improvements and restorations to owner-occupied homes is expected to shift in the coming year, according to a new report from the Joint Center for Housing Studies. Here are the factors in play.
Read More »HUD Expands Housing Choice Voucher Program
New action by the Department will broaden housing and neighborhood choices for more than 800,000 total households by giving families more choices and supporting more inclusive communities. Here’s why HUD Sec. Marcia Fudge said this action “helps realize a dream that has been deferred for too long.”
Read More »Peter Boomer Named President of Proper Rate
Mortgage lender adds 30-year former PNC Bank and JP Morgan Chase exec to lead overall direction and manage oversight of the company’s strategic growth.
Read More »Median Home Sales Price Hits $415K Nationwide in September
Real Estate Agent Meghan Carroll says, "Inventory levels are also still low, which is keeping the prices higher and making bidding wars commonplace here. So, it can be tough out there for some buyers–especially young, first-time buyers." Click through to read the full September 2023 Housing Report from RE/MAX.
Read More »Priced-Out Homebuyers Snapping Up Rental Units, Recruiting Roommates
"With a record number of new units coming onto the market driving rent prices down, those who may have given up hope of homeownership may be able to leverage more affordable rental options—including downsizing to a smaller unit or considering a roommate for the near term—to help build savings for a future home," said Jiayi Xu, Economist at Realtor.com.
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