Offerings of adjustable-rate mortgages triple in 1 year, up 230%
The number of adjustable-rate mortgages offered to consumers has more than tripled from the 1st half of 2021 to the 1st half of 2022, according to a new report by LendingTree
by Ben Verde Jul 25
Why super long mortgages won't be a thing, and why that's good news
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
by Jim Dalrymple II Jul 15
3 ways to keep the door open to homeownership for discouraged buyers
If your potential buyers are ready to give up, don't let them throw in the towel yet. Try these three strategies to help open up new opportunities in a challenging market
by Laura Adams Jul 14
Leading the way: Woman-to-woman advice about growing your career
Learn how to achieve more with timely and actionable advice from real estate and mortgage marketing expert Jessica Siguenza
by Rachael Hite Jul 14
June jobs report reveals impact of layoffs on real estate industry
Fears of impending recession and a spate of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the US Bureau of Labor Statistics
by Daniel Houston Jul 8
3 trends poised to disrupt the real estate landscape
Opinion
From blockchain to proptech, and everything in between, there's always something new on the real estate horizon. Here are the trends that are currently changing the game
Forget what you know about retirees. Here's what they're looking for now
Opinion
Don't be discouraged if your newly retired homebuyer clients are taking their time. These clients know what they want and are willing to wait for the perfect home
by Luke Babich Jul 7
Frustrated with inventory? 5 tips for getting creative
Opinion
Many agents are frustrated with low inventory on both sides of the transaction. Try these strategies to create inventory for your clients and find a pathway to under contract
by Julie Busby Jul 6
Making $67K? That's no longer enough to buy the typical US home
Q2 of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least 2 decades. Median home purchases would have taken up 31.5% of average annualized wage
by Daniel Houston Jun 30
The housing outlook is good, but affordability is a growing problem
Harvard's Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes
by Jim Dalrymple II Jun 22
Cash buyers have upper hand as mortgage rates rise
Opinion
Although there is still an inventory shortage, cash buyers can use this time to enjoy a wider selection of homes than buyers who are taking out a loan
by Bonnie Heatzig Jun 21
Americans know more about Kim Kardashian than homebuying
Nearly 90% of Americans know how many children Kim Kardashian has, but fewer than 33% know how to get pre-approved for a mortgage, according to a new survey from Zillow
by Marian McPherson Jun 17
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
by Jim Dalrymple II Jun 17
Lending activity plummeted during Q1, fastest YOY decline in 8 years
A report found overall residential lending to be down 32% between the 1st quarters of 2021 and 2022, with refinancing lending dropping 22% and mortgages dipping 18%
by Ben Verde Jun 8
Buyers regaining some control as market shifts, supply grows: Redfin
The report, released Thursday, found more than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019, as mortgage rates sit at over 5%
by Ben Verde Jun 3