by Third Party | Jul 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News
Source: Fortune — As summer kicks off, everything is heating up. Everything, it seems, except the housing market. Following a blistering two year tear, real estate firm Redfin is reporting big drops in demand and price cuts becoming the norm in many of the...
by Third Party | Jul 3, 2022 | Industry Updates, News/Current Events, Real Estate News
Source: Realty Biz News — Realtor.com reported that active listings of existing homes rose 19$ in June, the fastest rise since it began tracking the data five years ago. Meanwhile, the number of new listings also surpassed pre-pandemic levels, rising 4.5% from...
by Third Party | Jul 3, 2022 | Industry Updates, News/Current Events, Real Estate News
Source: Bankrate — Generation Z is quickly superseding millennials as the next crop of consumers. Born between 1997 and 2012, this group is beginning to hit the marker that makes them old enough to vote, go to college and move out of childhood bedrooms and into...
by Third Party | Jul 3, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News
Source: Redfin — More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike. The median asking price of newly listed homes is down 1.5% from the all-time high it reached in the spring, and a...
by Third Party | Jul 3, 2022 | News/Current Events, Real Estate News
Source: World Property Journal — According to new research by the Mortgage Bankers Association’s Research Institute for Housing America, more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of...