Author Archives: Daniel Houston

September sees new upturn in demand for second homes

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More buyers were seriously considering a second-home purchase last month, and locked in mortgage rates to prepare for the transaction. Continue reading →

What the US climate-risk review means for FHA, VA loans and more

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Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Continue reading →

As list prices continue to soar, not all homebuyers are willing to play ball

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Homesellers have been pushing list prices to new heights, but a report released Thursday by OJO Labs indicates buyers aren’t as eager to shell out for the pricier pads. Continue reading →

‘OK Boomer’: Older homebuyers make gains as millennials struggle

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Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading →

Mortgage rates continue their ascent onward into mid-October

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Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey. Continue reading →

Foreclosures remain low as banks start to churn out post-ban filings

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The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading →

As Tesla sets its sights on Austin, listing agents near plant shift gears

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With news of Tesla bringing its headquarters to Austin and a factory nearing its opening, agents are advising sellers nearby to think big. Continue reading →

Real-estate hiring outpaces other industries amid stale jobs report

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Employers in real estate and residential construction grew workforces by 0.2 percent on a seasonally adjusted basis, according to Department of Labor survey out Friday. Continue reading →

A mansion so nice, she sold it twice: Cindy Ambuehl on a $25M deal

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Luxury agent Cindy Ambuehl told Inman how she closed the sale of a $25 million mansion overlooking the Riviera Country Club in Los Angeles. Continue reading →

Mortgage rates hold steady following late-September spike

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Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board. Continue reading →