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Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates

Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates

by Third Party | Jun 9, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Fannie Mae —  WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers...
Housing inventory is still at a crisis level

Housing inventory is still at a crisis level

by Third Party | Jun 9, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Housing Wire —  Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight,...
Over Half of U.S. Buyers Report Crying While Looking for a Home in 2022

Over Half of U.S. Buyers Report Crying While Looking for a Home in 2022

by Third Party | Jun 9, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: World Property Journal —  According to a new Zillow survey, over 50% of U.S. home buyers say the process left them in tears, with Gen Zers and millennials — many of whom are first-time home buyers – far more likely to cry at least once during...
Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA

Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA

by Third Party | Jun 9, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Realtor —  The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situation has gotten so bad that it now compares...
Why the Growing Number of Homes for Sale Is Good for Your Move Up

Why the Growing Number of Homes for Sale Is Good for Your Move Up

by Third Party | Jun 9, 2022 | Industry Updates, Real Estate News

Source: Keeping Current Matters —  Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto...
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