Call it fear or call it curiosity; it seems everyone has an opinion about the market. Broker Jeff Glover offers his hot take that the current data may be misleading and that your local stats deserve a second look. Continue reading
Rising interest rates and a shrinking branch network are cutting into Wells Fargo’s mortgage business, and bank executives say they’re fine with that. Continue reading
Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading
The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation’s depleted home inventory. Continue reading
More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading
Armed with knowledge of market trends, agents can earn sellers’ trust and have more leeway to set strategy, top brokers said at Inman Connect Now. Continue reading
Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics. Continue reading
Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel Kan. Continue reading
Lender hopes to cut up to $400 million in annual expenses and become profitable by the end of 2022 after rising mortgage rates gut profitable refinancing business. Continue reading
Buyers would have to spend 86 percent of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop. Continue reading