Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. While I typically prefer to
Why are home prices at all-time highs with more inventory?
Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. However, I can clear up any confusion on this topic.
FHFA grants conditional approval for Freddie Mac second mortgage pilot
The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The pilot program includes several limitations to the types of loans the
HUD offers new disaster relief in Hawaii following Biden executive order
The U.S. Department of Housing and Urban Development (HUD) on Friday announced a new round of disaster relief in the state of Hawaii that is targeted for the island of Kauai following severe storms, flooding and landslides that took place
Could aging in place be ‘a poor long-term decision?’
In survey after survey in which Americans are asked about their preferred living situations in retirement, recent data is clear — they want to age in place in their current homes and remain in the familiar environs of their house
Montana aims to remind seniors about its ‘reverse annuity mortgage’
The Montana Board of Housing is aiming to remind the state’s seniors about a government-administered program that is specifically designed to help older adults access their home’s equity — and it should be very familiar to members of the reverse
Smaller metro areas are seeing sharp home-price increases: SmartAsset
While major cities are often the bellwethers when it comes to home-price trends, a SmartAsset analysis of Zillow data released Thursday shows that some secondary and tertiary U.S. metro areas are leading the way for home-price appreciation. SmartAsset, a personal
Right-to-list agreements now banned in 30 states
Since making headlines for the first time roughly 18 months ago, right-to-list agreements — also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — have been banned in 30 states, according to an announcement from the American Land Title
HUD joins other federal agencies to update climate resiliency plans
The U.S. Department of Housing and Urban Development (HUD) announced on Friday that it has joined more than 20 other federal agencies to update its climate adaptation plan in furtherance of the White House’s national climate resilience framework. As the
Real Estate Forecast Next 5 Years California: Bright Future?
California, renowned for its allure and high cost of living, grapples with challenges within its housing market as we move ahead into a quarter of 2024. California’s housing market has been a rollercoaster for decades, and the next five years
San Jose Housing Market: Prices, Trends, Forecast 2024
The San Jose housing market is not just a real estate arena; it’s a competitive battleground where homes are sought after and sold at a remarkable pace. In the heart of Silicon Valley, the San Jose housing market stands as
Southern California Housing Market Trends and Predictions 2024
The Southern California housing market, long known for its sizzling pace and eye-watering price tags, is experiencing a period of adjustment in 2024. While homes remain expensive, a new reality is settling in, shaped by rising interest rates and a
Los Angeles Housing Market 2024: Trends and Predictions
Los Angeles, the land of sunshine, celebrities, and iconic beaches, also boasts a housing market that is equally famous – and competitive. Fuelled by a vibrant economy and perennial allure, the City of Angels attracts a steady stream of residents
Bay Area Housing Market 2024: Trends and Predictions
The San Francisco Bay Area housing market, a bellwether for the nation, has transitioned from a raging boil to a simmer. Prices are still rising, but at a more measured pace compared to the breakneck speed of previous years. Let’s
San Diego Housing Market: Real Estate Trends in 2024
The San Diego housing market shimmers with the same star power as its beaches. A booming tech sector, stunning scenery, and a vibrant lifestyle fuel demand and push prices higher than the national average. This haven for retirees and young
Cheapest States to Buy a House: Affordable States in 2024
In 2024, the dream of owning a home is still within reach for many Americans. While national housing prices continue to climb, several states offer a welcome respite for budget-conscious buyers. This in-depth exploration dives into the cheapest states to buy
10 Hottest Housing Markets That Are Booming – May 2024
While high interest rates have cast a shadow over much of the U.S. housing market, a select group of areas are experiencing a surge in popularity. These superstar markets are hotter than ever, attracting a record number of views per
10 Cheapest Places to Live in the United States in 2024
Are you looking for a place to live where your money can go further? If so, you may want to consider relocating to one of the cheapest states in the United States. These states offer a low cost of living,
What is Henderson, NV Known For? 10 Things to Love About This City
Henderson, NV is a city rich with attractions and vibrant community life. Exploring what Henderson is known for reveals a tapestry of unique features that define this dynamic city. From outdoor adventures to cultural experiences, Henderson provides a diverse array
Cruising the Motor City: Essential Detroit, Michigan Bucket List
Known as the “Motor City”, Detroit, Michigan played a pivotal role in the automotive industry. It is the birthplace of major automobile manufacturers like General Motors, Ford, and Chrysler. However, Detroit has more to offer than what its nickname implies.
10 Pros and Cons of Living in Arizona
There are many things to take into account if you’re thinking of moving to Arizona. From the natural beauty of the Grand Canyon to the bustling city life of Phoenix, there’s something for everyone in this southwestern state. That said,
Cheapest Places to Buy a House in America in 2024
When it comes to buying a house in the United States, some states are more affordable than others. In this article, we will explore the cheapest states to buy a house, according to the Zillow Home Value Index as of
10 Pros and Cons of Living in Utah
Utah, also known as The Beehive State, is a great place to live for those who enjoy outdoor activities and spending time in nature. From bouldering in Zion National Park and skiing in the mountains to wandering the Bonneville Salt
Top 6 Cities Near Spokane, WA to Buy or Rent Your Next Home
If you’re looking for a home in Spokane, WA this year, exploring the cities nearby might be your best bet. These neighboring cities offer a blend of affordability and accessibility, providing a range of options for both renters and buyers.