As rising mortgage rates push buyers to the brink, sellers are starting to cut prices Sep. 29th 2023
In some markets, more than 50% of active listings have had a price cut as mortgage rates rise ever closer to the 8% mark.
To overcome surging mortgage rates, borrowers are turning to mom and dad Sep. 29th 2023
As mortgage rates surge, buyers are increasingly turning to family members to become non-occupant co-borrowers to overcome DTI issues.
Non-white homebuyers feel discrimination despite laws against it: Redfin Sep. 28th 2023
More than one-third (36%) of Hispanics and 32% of Blacks reported facing discrimination when searching for a home.
Pending home sales fell 7.1% in August Sep. 28th 2023
Mirroring the trend for new home sales, pending home sales fell 7.1% in August, according to data released Thursday by the NAR.
Amid rising housing costs, prospective homebuyers are looking to relocate: Redfin Sep. 27th 2023
A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.
LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market Sep. 27th 2023
LenderPulse Q4 2023 survey highlights opportunities and challenges mortgage professionals face as well as perspectives on the housing outlook.
DataDigest: Today’s homebuyers are seeking affordability not found in the West Sep. 27th 2023
With the exception of New Orleans, the 10 cities with the biggest year-over-year drop in typical home values were all more expensive than the 10 cities with the biggest year-over-year increase in home values.
US housing market is now worth a record $52 trillion: Zillow Sep. 27th 2023
Of the six markets where housing has gained the most value since the start of the pandemic, four are in Florida: Tampa (+88.9%), Miami (+86.6%), Jacksonville (+82.4%) and Orlando (+72.3%), according to Zillow.
FirstHomeIQ launches Ambassador program Sep. 27th 2023
Through the Ambassador program, mortgage and real estate pros donate $100 per transaction and commit to educating the next generation.
Builders only have 76,000 completed new homes for sale Sep. 26th 2023
For all the hype, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved.