Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according... Read more »
The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has stifled origination volume... Read more »
Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist... Read more »
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report. In October, the monthly payment needed to purchase a median-priced home... Read more »
According to Redfin, an increasing number of homebuyers are bidding farewell to the bustling streets of San Francisco, New York, and Los Angeles in pursuit of more affordable dwellings. The trend of... Read more »
To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Thankfully, there are a number of online resources that... Read more »
Homebuyers across the United States are changing their preferences as the housing market undergoes significant shifts. Austin, once a sought-after destination, is witnessing an exodus due to soaring housing costs. At the... Read more »
In a surprising turn of events, Austin, Texas, known for its popularity among migrants, is witnessing a significant shift as homebuyers are now looking to leave the city. The soaring housing costs... Read more »
Available inventory of unsold homes rose by 1.8% this week. It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. The leading... Read more »