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Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

by Third Party | Sep 24, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Redfin —  SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the technology-powered real...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts

by Third Party | Sep 24, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Storeys —  The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real...
Will Mortgages Get Less Expensive in 2023?

Will Mortgages Get Less Expensive in 2023?

by Third Party | Sep 23, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: The Motley Fool —  There’s a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have forced many buyers to pause...
85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

by Third Party | Sep 23, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Business Wire —  Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. With rates now...
Here Are Today’s Mortgage Rates, September 20, 2022 | Rates Remain Above 6.3% Ahead of Fed Meeting

Here Are Today’s Mortgage Rates, September 20, 2022 | Rates Remain Above 6.3% Ahead of Fed Meeting

by Third Party | Sep 23, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Next Advisor —  Nearly two years have gone by with record-low mortgage rates. Now, 2022 has started off with rates rising higher than pre-pandemic levels. Don’t cancel your home purchase plans just yet. Even though rates are higher than they were last...
Millennials and homebuying: Real estate adapts to largest generation

Millennials and homebuying: Real estate adapts to largest generation

by Third Party | Sep 22, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Bankrate —  Key millennial homebuying statistics in 2022 Millennials represent 43 percent of homebuyers, the highest share of any generation, according to the National Association of Realtors (NAR). One-quarter of that group are older millennials aged 32...
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