Posts Tagged ‘homeowners’
Home Builders Shift Toward Smaller U.S. Markets Continues
Based on the National Association of Home Builders latest Home Building Geography Index, there has been a shift in home building activity over the past 30 months, with notable slowing in large, metro urban areas as a result of initial Covid migration effects followed by declines in housing affordability in high-cost and highly regulated markets as…
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‘One actionable thing’ that can save prospective homebuyers up to $104,000 over the life of their mortgage
As today’s prospective homebuyers confront high home prices and rising interest rates, there’s one thing they can do to save money — raise their credit scores. “This is one actionable thing buyers can do to save a little bit of money in this market,” said Amanda Pendleton, consumer finance expert at Zillow Home Loans. A…
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U.S. Home Sale Profit Margins Hit Another Record High in 2022
Home profits rise 56 percent in Q2, biggest quarterly gain in a decade Based on ATTOM’s newly released second-quarter 2022 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5 percent following the largest quarterly gain in a decade. On the heels…
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Big landlords jump into the homebuilding business as demand for single-family rentals surges
As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas. “This market is very undersupplied. There are not enough quality homes for the…
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New Program Gives Florida Homeowners Solar Panels And Battery Backup For $0
Power companies are not happy that homeowners are taking advantage of huge government solar programs to save $1,000’s in electricity costs. These Solar Programs may cover up to 100% of the installation cost. Why now, you ask? Good question. In just the past year or two, solar panels and battery storage costs have dropped fast, allowing solar to become…
Read More1 in 4 U.S. Home Sellers Nationwide Now Lowering Asking Prices in June
Fast rising mortgage rates, economic uncertainty negatively impact home sales and prices mid 2022 According to national property broker Redfin, nearly two-thirds (61.5%) of homes for sale in Boise, ID had a price drop in June 2022.That’s the highest share of the 97 U.S. metros in Redfin’s analysis. Price drops have become a common feature…
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What you need to know about backing out of a home purchase when you’re under contract
If you’re a prospective homebuyer who is having second thoughts, you’re not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage Redfin. A year ago, the share was 11.2%.…
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Mortgage Credit Availability in U.S. Dips in June
Based on a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability decreased in June 2022, according to the Mortgage Credit Availability Index (MCAI). The MCAI fell by 0.3 percent to 119.6 in June. A decline in the MCAI indicates that lending standards are tightening, while increases…
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Moves that homebuyers can still make to find a lower mortgage rate
After dropping to record lows in 2020 and 2021, mortgage rates are back up. Way up. While the past few weeks saw a reversal in the surge, at near 6%, current mortgage rates are still almost double what some homebuyers were paying in recent years. With soaring inflation and the possibility of further rate increases, some homebuyers…
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New Home Sales Increased in US, Before Fed’s June Rate Rise
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike. Sales of newly built, single-family homes in May increased 10.7% to a 696,000 seasonally adjusted…
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