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...
Source: Scotsman Guide — With affordability hovering around all-time lows and buyer activity on the decline, more and more home sellers are recalibrating their expectations and adjusting their asking prices, according to a new report from Redfin. The median...
Source: AZPM — Housing of all types has gotten pricier in Tucson since the COVID-19 pandemic. On the real estate market, home prices have gone up 50 percent in the past two years, while rents have gone up by a third. “You’re seeing a lot of people...
Source: National Mortgage News — From a debate on credit scoring models to a CFPB warning to servicers about their handling of Homeowner Assistance funds, there’s no shortage of developments at the federal level that stand to impact every day dealings in...
Source: Daily Mail — Families could be offered mortgages of 50 years or more that can be passed between generations under plans being considered by Boris Johnson. Lenders will be encouraged to let buyers borrow over terms lasting five decades or even longer so...
Source: Bloomberg — There may be signs the overheated housing market is cooling, but many buyers still feel like it’s near-impossible to get a house without an all-cash offer, or something close to it. One way to get your hands on that amount of cash is to...
