The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
Mortgage applications inched up during the week ending Aug. 23, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
A total of 85.7% homeowners with mortgages, roughly six out of every seven households, have an interest rate below 6%, according to a data report from Redfin (NASDAQ:RDFN). This is down from 90.6% at the start of last year and from the record high of 92.8% in...
The S&P CoreLogic Case-Shiller Indices reached a new all-time high, albeit with a decelerating trend, during June’s housing market. The S&P CoreLogic Case-Shiller US National Home Price NSA Index, covering all nine census divisions, reported a 5.4% annual gain...
The homebuilder Lennar (NYSE:LEN) announced the opening of Foree Ranch, a new master-planned community located in Providence Village, Texas. Foree Ranch offers 1,450 homesites that can accommodate four of Lennar’s single-family home collections ranging in size from...
California is poised to make history for offering state-financed mortgage assistance to illegal immigrants. According to combined media reports, the proposed legislation AB 1840 would require the California Dream for All Shared Appreciation Loans program to overlook...
