Homebuyer purchasing power rises by $40K since October rate surge

A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin. Continue reading

Why US consumers are souring — and what that means for housing

Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm’s latest household sentiment survey: “I was hoping to see a new ‘magic’ mortgage rate.” Continue reading

New Western trends report has all the answers for savvy investors

New Western’s latest Flip-Side report has good news for the single-family investor. Real estate expert and trainer Bernice Ross interviews Kurt Carlton, the president and co-founder of New Western, to get all of the valuable insights the report has to … Continue reading

Collaborate, communicate, calculate: 7 ways to keep buyers in the deal

The more a buyer is educated about the ins and outs of a transaction, the more comfortable they’ll be with bumps in the road. Luxury agent Cara Ameer offers insights designed to help you keep buyers on track. Continue reading

40% of Americans eye a move, but many feel ‘priced out’ for now

Cost-of-living, cramped quarters and even politics are all top of mind for people considering a move in the coming years, a new Harris Poll reveals. Continue reading

Buyer interest creeps upward as mortgage rates inch down

Redfin’s Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April. Continue reading

Buyers of new homes spend double on 1st-year improvements: Analysis

Hidden costs loom large for buyers in the first year of homeownership, and, surprisingly, that can be even more true with a new build, according to the National Association of Homebuilders. Continue reading

Lower partners with Orchard to offer Power Buyer services

As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading

Millennials glow up: Tech savvy age group nears 50% share of US buyers

In 2021, millennials made up the largest share of buyers at 43 percent, up from 37 percent in 2020, according to the National Association of Realtors’ Home Buyers and Sellers Generational Trends Report. Continue reading

Unexpected repairs leave many homebuyers with regret: survey

One in three homeowners in a recent HomeAdvisor survey say they regretted their purchase after paying for repairs left unfixed by the seller. Continue reading