Mortgage

This Is the Best Time of Year to Get a Mortgage

Home buyers better hurry: This month may offer the best time of year to get a mortgage. But February can offer some of the best rates too, according to a new study from Haus, a home-finance startup. The firm studied seasonality, loan size, credit scores, and other factors that play a role in mortgage rates.…

Read More
Wealth Gap Grows Within the Housing Market

Wealth Gap Grows Within the Housing Market

The pandemic is expanding the divide between those who are thriving financially and those who aren’t, CNN reports. Stock market growth is enriching the wealthy and they’re up-sizing by purchasing pricier homes. However, those facing unemployment in the pandemic and first-time buyers who don’t have equity in a current house, are struggling in the housing…

Read More
Orlando

Where You Can Still Snag Homes for $100K or Less

Home prices are surging by double-digit percentages annually, but deals can still be found in pockets throughout the country. Realtor.com®’s research team recently conducted a study to find out where. They searched listings in 150 of the largest metro areas to find which ones had the most homes for sale at $100,000 or less. That…

Read More
Mortgage

These Lenders Issued the Most Mortgages to Buyers in 2019

Quicken Loans originated the highest number of home purchase loans in 2019, more than any other lender, according to a new analysis from Ascent, a personal finance resource produced by The Motley Fool. Wells Fargo closed loans totaling more than $305 billion in 2019, 73% higher than its nearest competitor. Ascent looked at the top…

Read More
Real Estate

Real Estate Pros Pick 2021’s 7 Biggest Housing Issues

The lack of inventory will be the biggest story in housing this year, said real estate professionals recently surveyed by HomeLight, a real estate referral company. HomeLight’s Top Agent Insights report, conducted in the fourth quarter of 2020, reflects responses from more than 1,000 real estate professionals nationwide. What issues are top-of-mind for real estate…

Read More
Single-Family Rents

Single-Family Rents Rebound, Now Exceed Pre-Pandemic Levels

After a slowdown in rental growth during the spring and summer of 2020, rents are back on the rise. A new report from CoreLogic shows that national single-family rental prices increased 3.7% year over year in November and are now above the levels before the COVID-19 pandemic started. “This is in contrast to rents for…

Read More
Housing Market Boom

Housing Market Boom May Tempt Sellers to Overprice

Buyers beware: It’s a seller’s market and homeowners are holding firm on the price. More than half—or 52%–of about 1,000 real estate professionals recently surveyed believe the biggest challenge that home sellers will face in 2021 is the temptation to overprice their homes due to the hot market conditions. The homebuying frenzy since the pandemic,…

Read More
Market 2021

Poll: Consumers Expect Even Hotter 2021 Market

Sixty percent of home buyers and sellers say they’re optimistic about the housing market in 2021, a leap above 2020’s numbers, according to a new survey commissioned by Redfin. High earners and homeowners are the most upbeat, shows the survey of more than 1,400 people, which was conducted in November and December. Nearly three-quarters of respondents…

Read More
Affordable Housing

Amazon Jumps Into Affordable Housing With $2B Pledge

Amazon is following the lead of other tech giants by looking for ways to help solve affordable housing woes that plague areas where it has offices. Tech companies have long been blamed for fueling surging home prices that push out local residents who seek more affordable housing. Amazon.com Inc. announced it would commit more than…

Read More
Mortgage

Mortgage Rules Toughen Up for Condos in Vacation Hot Spots

Mortgage financing giants Fannie Mae and Freddie Mac have tightened rules on buildings that offer too many short-term rentals in vacation locales, drawing objections from the real estate industry. The new rules could make it tougher for some buyers to get a mortgage on condos in resort areas, and many real estate professionals aren’t happy…

Read More