Posts Tagged ‘real estate investing’
Mortgage applications inch up for the first time in five weeks
Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since…
Read More
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…
Read More
Foreign Buyers Purchased $59 Billion of U.S. Homes Last Year, Ending 3-Year Slide
China and Canada remained top foreign buyers in 2022, Florida still top target market According to a new report from the National Association of Realtors, foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in…
Read More
Global Real Estate Sector Lags on Digital Transformation
A new report reveals resistance to change and lack of resources are holding back real estate firms on digital transformation. The study involved more than 175 innovation leads in big real estate organisations at locations worldwide, including British Land, JLL, Cushman & Wakefield and Buro Happold. Authored by Swedish PropTech academic Olli Vigren, the report…
Read More
Mortgage Application Payments Hold Steady in June, Despite Higher Rates
According to the Mortgage Bankers Association’s Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in June 2022, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May 2022. “Median mortgage applications payments have held steady during the last two months but remain much higher than earlier…
Read More
Home price growth slowed for the second straight month in May, S&P Case-Shiller says
Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage rates and increasing concern over inflation. In April, the annual gain was 20.6%. The…
Read More
Vacation Home Markets in the U.S. Remain Strong
Suburban Housing Shift Eases in the Third Quarter Based on new findings of the third quarter National Association of Home Builder’s vacation home Geography Index, the suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues. Yet new data reveals that higher density markets are…
Read More
Single Family Rents in the U.S. Increased 14 Percent Annually in May
Based on CoreLogic’s latest Single-Family Rent Index, U.S. single-family annual rent growth remained at a record high in May 2022, posting a 13.9% increase from May 2021. This growth matched April’s increase, representing the first time that price growth did not accelerate from the previous month since January 2021. Sustained high rent prices are partially…
Read More
Here’s what you need to know about reverse mortgages
With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data from the U.S. Department of Housing…
Read More
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…
Read More