Economics

Election Drops Mortgage Rates to 12th New Low This Year

CNBC says the presidential election pushed mortgage rates even lower this week, breaking the 12th record this year.

Financing

Refinancing Boosts Mortgage Demand

The Mortgage Bankers Association’s seasonally adjusted index found an increase in mortgage demand last week, fueled by record low rates for large l

Demographics

Banks Step in to Shrink Black Homeownership Gap

More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities.

Housing Markets

10 Cities at Greatest Risk for Possible Housing Crisis

Realtor.com warns of a housing crisis on the horizon for 10 US cities with the highest number of delinquent FHA loans.

Affordability

Current Home Prices Are Too Costly for Average Homeowner

In the majority of US counties, the current median price of a home or condo is far too expensive for an average homeowner.

Financing

Should Buyers Wait for Lower Mortgage Rates?

With mortgage rates fluctuating over the past six months, dipping down to record lows, it makes sense why some buyers would be unsure of when to pu

Market Data + Trends

The Best Suburbs for Rentals With Maximum Space at Lowest Price

It’s not just homebuyers who are interested in more space, renters need accommodations for their life changes as well, and many still need to stay

Affordability

Home Affordability Dropped Slightly in July

The National Association of Realtors reports that the median household income increased in July, but median home prices advanced at a higher rate.

Financing

New Record Low Mortgage Rates Bring Buyers Relief

Mortgage rates hit another new low this week, according to Freddie Mac.

Home Purchase Sentiment Rises, Though Still Trailing Behind 2019

Housing market confidence rose in August after a slight dip back in July, but current sentiments are nothing compared to last year’s confidence.