Cash prevails as king when it comes to luxury

Luxury real estate agents can expect wealth strategy, “smart luxury,” move-up buyers, the ultra- and aspirationally-wealthy divide, and cash purchases to impact the market in the months ahead. Continue reading

Move-up homebuyers drive surge in mortgage loan applications

Purchase loan demand was up 11 percent last week, with “surprisingly strong” demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says. Continue reading