Average Mortgage Amount Increases to $410,000 – Based on recent data from the Mortgage Bankers Association, the average amount for a mortgage averaged $410,000, marking the highest average mortgage amount…
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Fed Hints Mortgage Rates May Soon Rise – Based on the Federal Reserve’s recent announcement, interest rates are expected to soon rise. The Fed, however, warned that it was preparing…
Bidding Wars Reach Their Lowest Level This Year – According to a Redfin analysis, competition for homes on the market is lessening, which could provide an opening for home buyers…
As New-Home Sales Rise, Builders Watch Their Prices – Based on Commerce Department reports, sales of newly built single-family homes increased slightly in July as material costs to build continue to…
First-Time Home Buyers Lead Uptick in Mortgage Apps – According to the Mortgage Bankers Association’s recent report, mortgage demand for home purchases reversed course, after falling for the past month….
Home Seller Profits Take Surprising Turn – According to ATTOM Data Solutions’ second-quarter 2021 U.S. Home Sales Report, profit margins for home sellers took an unexpected dip in the second…
Consumers Still Overestimate Down Payment Requirements – According to National Association of REALTORS® data, the majority of consumers continue to mistakenly believe they need at least a 20% down payment to…
Contract Signings Surge as Home Buyers Remain Eager – According to the National Association of REALTORS®’s recent report, pending home sales bounced back strongly in May and surged to the…
Lumber Prices Are Dropping Fast – According to a newly released report from the National Association of Home Builders, lumber prices are falling quickly from record highs, and that may…
Surging Home Prices Are Set for a Cooldown – According to realtor.com® reports, the U.S. median home price continued to post double-digit appreciation in May and reached a record high…
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