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Zillow Home Loans Debuts 1% Down Payment Program

Zillow Home Loans Debuts 1% Down Payment Program

by Phil Hall | Aug 25, 2023 | Current News & Events, Mortgage Information, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Home Loans is rolling out its 1% Down Payment program that will enable home buyers to pay as little as 1% down on their next home purchase, with the company contributing an additional 2% at closing. The program is initially being offered on properties located...
Zombie Property Levels in Slight Rise

Zombie Property Levels in Slight Rise

by Phil Hall | Aug 24, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM has determined there were roughly 1.3 million U.S. residential properties that are vacant, as of the third quarter of this year. That figure represents 1.3%, or one in 79 homes, across the nation, the same level as in the second quarter. ATTOM also...
Zillow: Half of All Homebuyers Are First-Timers

Zillow: Half of All Homebuyers Are First-Timers

by Phil Hall | Aug 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Zillow (NASDAQ:Z, ZG) has determined that half of all homebuyers are purchasing their first home, the highest share that the company has recorded. This 50% share is up from 45% in 2022 and 37% in 2021. Nearly half of first-time buyers are...
MBA: Purchase Loan Applications at 28-Year Low

MBA: Purchase Loan Applications at 28-Year Low

by Phil Hall | Aug 23, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
Foreclosure Inventory Hits 15-Month Low

Foreclosure Inventory Hits 15-Month Low

by Phil Hall | Aug 23, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
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