Market Updates
Shortage in U.S. Housing Supply Causing ConcernA new report from the NAR indicates that due to underbuilding and underinvestment, the shortage in housing is substantial, having a real effect on the health of Americans and the economy. With a significant decrease in...
Market Updates
Pandemic Gives Way to Americans RelocatingWhile the number of people moving in the U.S. has been on the decline since the '80s, the COVID-19 crisis has caused a shift. Americans are now moving more often than they have in the past 30 years, and a key factor for the...
Market Updates
While the Market is Still Hot, Here's Where Homes Are Selling the Fastest... And Slowest...Homes across the U.S. sold an average of three weeks faster in April than the same time last year, with some cities showing quicker turnover than others. Yet even where sales...
Market Updates
Within Recent Home Sales, Multigenerational Purchases RiseAccording to a survey from the National Association of Realtors, sales of primary homes to multigenerational families grew from 12 % to 15 % in just the first three months of the pandemic. Taking care of aging...
Market Updates
Consumers Demand Online Mortgage OptionsIn the latest mortgage news the past year has radically reshaped consumer expectations, with the availability of online mortgage options now a significant factor in choosing a lender. 58% in a recent survey by ICE Mortgage...
Market Updates
Prices Rose Everywhere99% of metro areas saw home prices rise in the first quarter of the year, according to the National Association of Realtors. Though some cities saw year-over-year jumps as high as 35%, even smaller places saw at least modest rises. Experts credit...
Market Updates
Mortgage Market Update Experts Say the Housing Market isn't About to Crash - Real Estate Market Boom ContinuesRecord sales, high demand, soaring home prices, low rates; the real estate market hasn't been this hot since before the crash of 2008. As the real estate...
Market Updates
Mortgage Market UpdateFirst-time Homebuyer Tax CreditRecent legislation seeks to bolster homeownership for low to middle-income earners. The newly introduced "First Time Homebuyer Act" could provide a tax credit of up to 10% of the home purchase price, or $15,000, to...
Market Updates
Mortgage Market UpdateA Closing Door for Rates For homeowners wondering if it's a good time to upgrade to a different home: While you have heard, no doubt, that housing supply is tight and prices are high, there are several reasons why it may be a good time to buy -...
Market Updates
Self-Employed BuyersSome 92% of Americans polled said now is a good time to consider self-employment. About 57% would take a gig job while between jobs; 52% would like a long-term contract with flexible hours. The survey indicates more homebuyers may use self-employed...
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