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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...
Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling

Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling

by Third Party | Jun 8, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: CNBC —  Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective home equity to new highs. The amount of money mortgage holders could pull out of their homes while still...
Today’s mortgage refinance rates rise

Today’s mortgage refinance rates rise

by Third Party | Jun 8, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Bankrate —  The majority of key mortgage refinance rates were higher today compared to a week ago, according to data compiled by Bankrate. 30-year fixed refinance rate: 5.51%, +0.29 vs. a week ago 15-year fixed refinance rate: 4.71%, +0.18 vs. a week ago...
Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia

Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia

by Third Party | Jun 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  The typical high-fire-risk home sold for $550,500 in April, while the typical low-risk home sold for $431,300. That’s the biggest premium since at least 2017. The median sale price of high-risk homes jumped 52% during the pandemic, while the...
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