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Homebuyers again retreat to the sidelines as higher rates crimp affordability

Homebuyers again retreat to the sidelines as higher rates crimp affordability

by Third Party | Mar 9, 2023 | Mortgage Information, News/Current Events

Source: USA Today —  Homebuyers started the year on a positive note when declining mortgage rates signaled increasing affordability. Mortgage applications rose 28% in one week in the middle of January as rates dipped to 6.2%. But that frenzy of activity was...
Housing Market Momentum Stalls as Critical Spring Season Approaches

Housing Market Momentum Stalls as Critical Spring Season Approaches

by Third Party | Mar 9, 2023 | Real Estate News, U.S. Housing Market

Source: Mansion Global —  Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season.  Economists, home builders and real-estate agents saw evidence of a thaw in early 2023, when rates...
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping

Millionaires row no more: Number of houses that cost seven figures nationwide is dropping

by Third Party | Mar 9, 2023 | Real Estate News, U.S. Housing Market

Source: USA Today —  As mortgage rates continue their upward march, the share of U.S. homes worth seven figures is dropping. In another indication of the cooling housing market, homes that would have been worth $1 million or more at the peak of the pandemic...
What salary is needed to buy a home in these popular U.S. cities?

What salary is needed to buy a home in these popular U.S. cities?

by Third Party | Mar 9, 2023 | Real Estate Agent Tools, U.S. Housing Market

Source: Bankrate —  The real estate market has been volatile over the past few years. We’ve experienced high buyer demand, persistently low inventory and mortgage rates rising steeply after a period of record lows. In many cases, elevated home prices mean...
International Women’s Day: What it means to the real estate industry

International Women’s Day: What it means to the real estate industry

by Third Party | Mar 9, 2023 | News/Current Events, Real Estate News

Source: Elite Agent —  To celebrate 2023’s International Women’s Day, we spoke to some of the most inspiring and influential leaders in the real industry to find out how real estate has changed in recent years, what needs to be done better and their advice for...
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