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Fewest homeowners underwater on their mortgages in more than 12 years

Fewest homeowners underwater on their mortgages in more than 12 years

by Third Party | May 13, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  According to CoreLogic’s most recent Homeowner Equity Report, U.S. homeowners with mortgages saw their equity grow by 29.3% year over year in fourth-quarter 2021, an average gain of $55,300 per borrower. Collectively, these homeowners...
Let’s be a HERO and  hold it together – or try for our clients!

Let’s be a HERO and hold it together – or try for our clients!

by Debbie Bloyd | May 13, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools, Real Estate News

Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or  [email protected] Everyone is stressed out about finding a house then moving!!!!  I have a client now that is just stressed out of her mind …… did I say...
How to Buy a House for Sale by Owner

How to Buy a House for Sale by Owner

by Third Party | May 13, 2022 | Industry Updates, Real Estate News

Source: Nerdwallet —  Most home sellers work with real estate agents to list and market their properties and negotiate with buyers. But about 7% of sellers skip hiring an agent and list their homes “for sale by owner,” or FSBO, according to a...
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace

Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace

by Third Party | May 13, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to...
Housing supply is finally improving, as high prices and rising rates weigh on sales

Housing supply is finally improving, as high prices and rising rates weigh on sales

by Third Party | May 12, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: CNBC —  One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in the same month last...
Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market

Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market

by Third Party | May 12, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: CNBC —  It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer...
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