Tag Archives: affordability

Rising mortgage rates are taking their toll on homebuyer demand

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MBA lender survey shows demand for purchase loans is still slightly stronger than it was a year ago, when rates were soaring toward post-pandemic highs. Continue reading →

Median down payment slides $2,400 as affordability improves

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Moderating mortgage rates and lessening buyer competition have pushed the U.S. median down payment down 7.33 percent over the past year, according to Realtor.com. Continue reading →

Forget mega-teams. Half of all teams have 6 or fewer members

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California-based proptech leader RealScout has partnered with T3Sixty and Tom Ferry to release its inaugural Teams Report, which dives into the intricacies of developing a successful team and the unique challenges surrounding technology, marketing, lea… Continue reading →

Realtor.com’s Danielle Hale talks an ‘even bigger’ 2025 as rates drop

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Ahead of Inman Connect Austin, Realtor.com Chief Economist Danielle Hale talks mortgage rates, affordability, and when agents and consumers might reach the light at the end of the tunnel. Continue reading →

Don’t facilitate source of income discrimination by sellers

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Don’t discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability. Continue reading →

New-home market a ‘bright spot’ as annual sales rise 9.8%

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New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall. Continue reading →

Mom-and-pop flippers make the dream of homeownership a reality

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Small real estate investors have a role to play in improving affordability and inventory, trainer Bernice Ross writes, and can be a key part of growing your real estate business. Continue reading →

2024 could be worst year for home sales since 1995: Fannie Mae

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Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets. Continue reading →

Prices and politics drag pending home sales down to new low in July

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Homebuyer anxiety around prices and the election precipitated the fall as the National Association of Realtors’ Pending Home Sales Index declined 5.5 percent, to 70.2, the lowest index reading in 23 years. Continue reading →

On Realtor.com’s hottest ZIP codes list, the Midwest reigns supreme

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Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com’s 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal. Continue reading →