Housing Wire
JUNE 6, 2023
and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. With rates around 6.9%
Housing Wire
MARCH 6, 2023
The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said. ” Monson said.
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Housing Wire
APRIL 7, 2021
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.
Housing Wire
APRIL 7, 2021
And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%
Housing Wire
DECEMBER 27, 2022
Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.
Housing Wire
APRIL 13, 2021
Austin, Texas might be the hottest housing market in the country. If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. It is just a super tight housing market.
Housing Wire
SEPTEMBER 30, 2021
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. Become a member today.
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