Homebuyer mortgage demand picks up even as lenders tighten
Mortgage lenders tightened standards for the 3rd month in a row in May, with mortgage credit availability falling to the lowest level since January 2013
by Matt Carter Jun 14
It's definitely a seller's market: Buyer sentiment sags in poll
With home prices propped up by scarce inventory and mortgage rates showing few signs of easing, only 19% of Americans surveyed by Fannie Mae thought May was a good time to buy
by Matt Carter Jun 9
Can Home Depot's tiny home put a dent in the housing crisis?
This week: Home Depot rolls out its new tiny home. Can initiatives like this make an impact on the affordable housing crisis?
by Christy Murdock Jun 9
82% of Americans favor upzoning as fix for skyrocketing housing costs
Zillow's survey revealed overwhelming support for accessory dwelling units, duplexes, triplexes and other dense-housing complexes as housing costs have doubled from pre-pandemic levels
by Marian McPherson Jun 1
Freddie Mac spotlights lenders for promoting affordable loans
UWM, Rocket Mortgage and Fairway were enthusiastic backers of Freddie Mac's Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3% down
by Matt Carter May 15
US debt default may mean tanking sales, huge mortgage costs
A debt default by the US government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22%, pushing rates to a peak above 8% in September, according to Zillow
by Lillian Dickerson May 11
And the cheapest state to buy a home is…
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
by Marian McPherson Apr 28
Poll shows most Americans still think it's a bad time to buy
Fannie Mae survey shows sentiment ticked up slightly in March with consumers becoming more confident about homeselling conditions and less worried about losing their jobs
by Matt Carter Apr 10
Is Homes.com selling your own leads back to you?
Byron Lazine and Nicole White discuss Homes.com's alleged use of agent names to snag leads, trouble in the commercial real estate industry and the debate around mortgages and affordability
by Byron Lazine Mar 31
Redfin issues first-ever corporate sustainability report
In its inaugural sustainability report on Wednesday, Redfin shared its efforts to improve housing access, equity and sustainability alongside corporate diversity and inclusion
by Marian McPherson Mar 23
Pandemic-fueled 'lock-in effect' likely to limit new spring listings
Black Knight data shows new listing volume down 25% in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown
by Matt Carter Mar 6
'Modest' recession could put a lid on 2023 home sales: Fannie Mae
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and sales to rebound in 2024, Fannie Mae predicts
by Matt Carter Feb 22
A theory is emerging online about a mass exodus from New York City
Warehousing? Inflated algorithms? Shady developers? They're all part of a new report on what's driving up rental prices in New York City. However, social media users aren't buying the theory
by Marian McPherson Feb 8
Rates may ease, but affordability tools will still be in demand
Zillow, UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools
by Matt Carter Jan 24
Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12