Forget a two-car garage and a white picket fence — first-time homebuyers want lower interest rates.
A recent Redfin survey of homeowners who purchased their first home within the prior 12 months found lower interest rates were highest on first-time homebuyers’ wish lists. Of the first-time homebuyers surveyed about what ...
View MoreNATIONAL MARKET UPDATE
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Entering the economy's coronavirus contraction, February Housing Starts showed strength, off 1.5% after January's large upward revision, but up 39.2% from a year ago, at a 1.599 million annual rate. Single-family starts shot up 6.7% at the fastest pace since ... |
NATIONAL MARKET UPDATE
Freddie Mac's Primary Mortgage Market Survey reported the national average 30-year fixed mortgage rate hit "the lowest level in its nearly 50-year history," as noted by their chief economist.
He added that mortgage applications are up 10% from a year ago "and show no signs ...
View MoreIf you look carefully at the last couple of weeks, there’s been a little turbulence in almost everybody’s lives. Between the coronavirus … the stock market adjusting … the overall interest in the Democratic potential candidate … the extremely low inventory that most of North America is experiencing … remaining ...
View MoreWhat a week for home sales data! New Home Sales spiked 7.9%, to a 764,000 annual rate in January, the hottest sales pace since 2007. Single-family home sales are now a healthy 18.6% higher than a year ago.
For existing homes, the National Association of Realtors ...
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January Housing Starts dipped 3.6%, but were still up 21.4% from a year ago. Starts rose in the Northeast and West, falling only in the Midwest and South. The 1.567 unit annual rate was the second highest since 2006. For two months now, starts have hit the 1.5 ... |
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California’s housing shortage is no secret. Residential construction has lagged behind our state’s growing housing demand for years, especially in the low tier where first-time homebuyers usually enter the market.
But there is some hope for desperate homebuyers on the horizon: the coming tide of Baby Boomers expected to ...
View MoreA new industry survey found nearly half of all current homeowners plan to move this decade. That should allay concerns that the housing market might stagnate from too many Baby Boomers aging in place.
The Mortgage Bankers Association reports the spring homebuying season has officially begun. Last month was ...
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