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Typical Homebuyer’s Down Payment Up 24% From a Year Ago

Typical Homebuyer’s Down Payment Up 24% From a Year Ago

by Phil Hall | Mar 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median down payment for U.S. homebuyers in February was $55,640, according to new data report from Redfin (NASDAQ: RDFN). This marks a 24.1% upswing from $44,850 one year earlier, which is the largest annual percentage increase since April 2022. Home prices rose...
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
Renting Becomes More Affordable Than Buying in the 50 Largest U.S. Metros

Renting Becomes More Affordable Than Buying in the 50 Largest U.S. Metros

by Phil Hall | Mar 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It has become more affordable to rent a home than buying a residence in the top 50 U.S. metros, according to the latest Realtor.com Rental Report. During February, the cost of buying a starter home in the top 50 metros was $1,027 (60.1%) higher than renting one – in...
Alosant Debuts Platform to Connect Builders with Homebuyers

Alosant Debuts Platform to Connect Builders with Homebuyers

by Phil Hall | Mar 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alosant, a Bozeman, Montana-based proptech, announced the upcoming introduction of the Alosant Home Buyer Experience, a consumer-focused product described as “filling a void in the real estate market by humanizing the entire home buying journey.” According to the...
Koya to Roll Out FSBO Platform for Homebuyers and Sellers

Koya to Roll Out FSBO Platform for Homebuyers and Sellers

by Phil Hall | Mar 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Koya, a Santa Monica, California-headquartered real estate startup, announced the upcoming launch of a for sale by owner (FSBO) software platform designed to connect buyers and sellers to act as their own agents during the home sale process. According to the company,...
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