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...
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...
Source: CNBC — When interest rates rise, it’s common for some homebuyers to explore whether an adjustable rate mortgage would make sense for them. With an ARM, as it’s called, the appeal is its lower initial interest rate compared with a traditional 30-year...
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...
Source: Keeping Current Matters — If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be...
Source: Calculated Risk — Altos reports inventory is up 13.9% year-over-year. Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 56% since then. As of June 3rd,...
Hits and Misses for the Real Estate Week of May 11-15
