#homebuyers

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#housing-market

The fall housing market could see hotter competition, Zillow says

Lower mortgage rates are enhancing affordability for homebuyers, suggesting a competitive fall 2024 market.

Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

Mortgage rates have decreased significantly, boosting affordability for homebuyers and encouraging refinancing.

First-time homebuyers are now older than ever as the housing crisis deepens

The median age of first-time homebuyers in the US has reached 38, reflecting economic challenges and higher home prices.

Don't be surprised if a 61-year-old white woman buys your house

The median age of homebuyers has significantly increased due to elevated mortgage rates and high home prices, highlighting barriers for first-time buyers.

The typical first-time homebuyer in America is older than ever before

First-time homebuyers in the U.S. are older and account for the lowest market share in decades, primarily due to affordability challenges.

Mortgage Rates Plunge To 6.47%-the Lowest in Over a Year-as 'Buyer-Friendly Trend' Revs Up

Mortgage rates drop significantly, leading to savings for buyers and increased interest in the housing market.

The fall housing market could see hotter competition, Zillow says

Lower mortgage rates are enhancing affordability for homebuyers, suggesting a competitive fall 2024 market.

Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

Mortgage rates have decreased significantly, boosting affordability for homebuyers and encouraging refinancing.

First-time homebuyers are now older than ever as the housing crisis deepens

The median age of first-time homebuyers in the US has reached 38, reflecting economic challenges and higher home prices.

Don't be surprised if a 61-year-old white woman buys your house

The median age of homebuyers has significantly increased due to elevated mortgage rates and high home prices, highlighting barriers for first-time buyers.

The typical first-time homebuyer in America is older than ever before

First-time homebuyers in the U.S. are older and account for the lowest market share in decades, primarily due to affordability challenges.

Mortgage Rates Plunge To 6.47%-the Lowest in Over a Year-as 'Buyer-Friendly Trend' Revs Up

Mortgage rates drop significantly, leading to savings for buyers and increased interest in the housing market.
morehousing-market
#real-estate-trends

Millennials Take Home Buying Lead; Here's What They Want Most

Millennials prioritize flexible spaces in their homes that can function as home offices.
This generation values community, convenience, and maximizing usable space within their living environments.

Home-buying blues? Here are 3 cities where mortgage payments are less than $1,500 a month

Midwest cities like Rockford and Akron are emerging as affordable markets for homebuyers, with median prices significantly below the national average.

Millennials Take Home Buying Lead; Here's What They Want Most

Millennials prioritize flexible spaces in their homes that can function as home offices.
This generation values community, convenience, and maximizing usable space within their living environments.

Home-buying blues? Here are 3 cities where mortgage payments are less than $1,500 a month

Midwest cities like Rockford and Akron are emerging as affordable markets for homebuyers, with median prices significantly below the national average.
morereal-estate-trends
#real-estate

It's getting easier to find a starter home but harder to buy one

Despite rising prices, starter home sales are experiencing a resurgence among first-time homebuyers due to increased inventory and lower mortgage rates.

Zillow teams with First Street to provide homebuyers with climate risk data

Homebuyers will soon access climate risk data on Zillow, assisting informed decisions about property safety and insurance.

These 10 cities will be the biggest winners following the Federal rate cuts

The Federal Reserve's recent rate cut is expected to significantly enhance homebuyers' purchasing power in a recovering real estate market.

Forget Palm Beach - Florida sun-seekers are heading to this burgeoning nearby enclave

Homebuyers are flocking to Palm Beach Gardens for more space and less hustle.
Wall Street executives are moving north to Palm Beach Gardens seeking sanctuary and lower prices.

5 Fabulous Floating Homes Under $700K That Will Have You Rethinking Life on Land

Floating homes offer a unique water-based lifestyle for buyers seeking comfort and scenic beauty.

Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.32% Rate

Home prices are falling but mortgage rates are rising, affecting monthly payments for buyers.
Current mortgage payments are higher than last week, but lower compared to peak rates in October 2023.

It's getting easier to find a starter home but harder to buy one

Despite rising prices, starter home sales are experiencing a resurgence among first-time homebuyers due to increased inventory and lower mortgage rates.

Zillow teams with First Street to provide homebuyers with climate risk data

Homebuyers will soon access climate risk data on Zillow, assisting informed decisions about property safety and insurance.

These 10 cities will be the biggest winners following the Federal rate cuts

The Federal Reserve's recent rate cut is expected to significantly enhance homebuyers' purchasing power in a recovering real estate market.

Forget Palm Beach - Florida sun-seekers are heading to this burgeoning nearby enclave

Homebuyers are flocking to Palm Beach Gardens for more space and less hustle.
Wall Street executives are moving north to Palm Beach Gardens seeking sanctuary and lower prices.

5 Fabulous Floating Homes Under $700K That Will Have You Rethinking Life on Land

Floating homes offer a unique water-based lifestyle for buyers seeking comfort and scenic beauty.

Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.32% Rate

Home prices are falling but mortgage rates are rising, affecting monthly payments for buyers.
Current mortgage payments are higher than last week, but lower compared to peak rates in October 2023.
morereal-estate
#mortgage-rates

The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know

The Federal Reserve is expected to cut interest rates, impacting mortgage rates positively for homebuyers.

They bought homes with the intention to refinance. Now they're stuck

Many homebuyers struggled after the surge in mortgage rates during the pandemic, expecting to refinance but facing challenges due to rising interest rates.

Inflation Ticks Down to 2.4% in September in Positive Sign for Homebuyers

Annual inflation decreased to 2.4%, indicating potential for lower mortgage rates, benefitting homebuyers.

Mortgage Calculator: See How Much You Will Save Now That Rates Have Dropped

Mortgage rates decreased to 6.09%, enhancing affordability for buyers, with potential savings of $4,356 annually compared to peak rates.

U.S. Mortgage Rates Drop Sharply, With 30-Year at 6.47%

Mortgage rates are at a low point, benefiting buyers and sellers in the real estate market.

How low do mortgage rates need to go before borrowers appear?

Mortgage rates are still high, limiting demand for purchase loans and refinances despite potential rate cuts from the Federal Reserve.

The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know

The Federal Reserve is expected to cut interest rates, impacting mortgage rates positively for homebuyers.

They bought homes with the intention to refinance. Now they're stuck

Many homebuyers struggled after the surge in mortgage rates during the pandemic, expecting to refinance but facing challenges due to rising interest rates.

Inflation Ticks Down to 2.4% in September in Positive Sign for Homebuyers

Annual inflation decreased to 2.4%, indicating potential for lower mortgage rates, benefitting homebuyers.

Mortgage Calculator: See How Much You Will Save Now That Rates Have Dropped

Mortgage rates decreased to 6.09%, enhancing affordability for buyers, with potential savings of $4,356 annually compared to peak rates.

U.S. Mortgage Rates Drop Sharply, With 30-Year at 6.47%

Mortgage rates are at a low point, benefiting buyers and sellers in the real estate market.

How low do mortgage rates need to go before borrowers appear?

Mortgage rates are still high, limiting demand for purchase loans and refinances despite potential rate cuts from the Federal Reserve.
moremortgage-rates

Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months

California's new law limits real estate contracts to three months to enhance consumer protection for buyers.
The law introduces mandatory renewable agreements between homebuyers and agents every three months.
#economic-policy

What housing plans do US presidential candidates Trump and Harris offer?

US home prices have drastically outpaced wage growth, impacting affordability.
Kamala Harris proposes a $25,000 down payment assistance plan for first-time homebuyers.

Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support

Kamala Harris proposes up to $25,000 in down payment assistance for first-time homebuyers to help them achieve homeownership.

What housing plans do US presidential candidates Trump and Harris offer?

US home prices have drastically outpaced wage growth, impacting affordability.
Kamala Harris proposes a $25,000 down payment assistance plan for first-time homebuyers.

Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support

Kamala Harris proposes up to $25,000 in down payment assistance for first-time homebuyers to help them achieve homeownership.
moreeconomic-policy

Consumer advocate says policy changes are needed to help FHA buyers compete

CFA calls for policy changes to support FHA loan users in tight housing markets, especially minority first-time homebuyers.
#interest-rates

Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now

High interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.

The states with the highest number of assumable mortgages - and how to get one

Buyers are getting savvy with home loan assumptions, especially with government-backed loans like FHA, VA, and USDA.

Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now

High interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.

The states with the highest number of assumable mortgages - and how to get one

Buyers are getting savvy with home loan assumptions, especially with government-backed loans like FHA, VA, and USDA.
moreinterest-rates
#real-estate-market

Private mortgage insurance fueled 800K low down payment home purchases in 2023

Private mortgage insurance (PMI) facilitates low down payment home purchases, supporting first-time and moderate-income buyers.

The Top 10 Surprising Metros Where Generation Z Is Buying Up Homes

Generation Z is financially savvy, successfully buying homes in affordable metros despite high prices and competition.

Private mortgage insurance fueled 800K low down payment home purchases in 2023

Private mortgage insurance (PMI) facilitates low down payment home purchases, supporting first-time and moderate-income buyers.

The Top 10 Surprising Metros Where Generation Z Is Buying Up Homes

Generation Z is financially savvy, successfully buying homes in affordable metros despite high prices and competition.
morereal-estate-market

Yes, mortgage influencers exist -here's their top financial advise

TikTok is now a platform for mortgage influencers offering advice to homebuyers, reaching a younger market seeking information and entertainment.

What Do Today's Homebuyers Really Want? The Features Most In Demand

Homebuyers prioritize personalized homes over larger sizes.
Newly built homes are shrinking in size due to rising costs and buyer preferences.

An acre of land with an abandoned house: Time to call insurance agents

Buyers in rural settings should consider factors like well water and fire insurance availability.
Consult with local loan and insurance brokers for guidance on purchasing a property in high-fire designated areas.

The US is facing a widening housing shortage with the market missing a whopping 7.2M homes

America faces a long-term housing shortage with up to 7.2 million missing homes.
Increased housing construction is crucial to meet the rising demand as population growth outpaces new home construction.

People are rushing to buy property near a Hawaiian volcanic site that last erupted in 2018

Despite the risks, buyers are flooding Hawaii's Puna District, driving up prices in the area.
The lack of modern infrastructure hasn't deterred newcomers from buying property in Puna.

Economy In Tenuous Position Boston Condos For Sale Ford Realty

The US economy is currently ranked a 'C' and the real estate market is graded a 'D'.
New housing starts in Massachusetts are at a 30-year low.

29 Cutting-Edge Real Estate Marketing Ideas for 2024

First-time homebuyers now make up 50% of all home buyers
Real estate professionals need to adapt their strategies to the changing market

Mortgage credit availability increased in May: MBA

Mortgage credit availability increased slightly in May, with the MCAI rising to 94.1, indicating a loosening of credit standards.
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