Tag Archives: Markets & Economy

Homeowner support grows for mother-in-law units: Survey

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Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow. Continue reading →

It looks like the pandemic vacation-home boom is coming to an end

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Demand for vacation homes dropped sharply in March — the second straight month a decline was recorded as mortgages ramped up above 5 percent, according to a new analysis by Redfin. Continue reading →

Would-be homebuyers rushed to lock in mortgage rates in March

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Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31 percent from February. Continue reading →

Residential construction spending rises for fifth-consecutive month

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The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders. Continue reading →

Affordability, debt biggest obstacles to homeownership, renters lament

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Thirty-two percent of renters surveyed in a poll conducted by Redfin say they rent because they can’t afford to buy a home, while 45 percent said debt was the main factor keeping them from homeownership. Continue reading →

7 ways to thrive (not just survive) in a shifting market

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No matter what the market does, there are always agents who have growing businesses. Jimmy Burgess shares seven steps you can take in this shifting market to ensure that you thrive. Continue reading →

Homebuyer sentiment hits record low

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Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

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After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →

‘New York market remains a juggernaut’ in Q1, condo sales thrive

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Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading →

Rising mortgage rates most difficult for first-time homebuyers: MBA

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As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday. Continue reading →