First-time and low-income homebuyers may have more difficulty purchasing a home due to a policy shift by the Federal Housing Administration, which insures federally-backed mortgage loans.
According to the Mortgage Bankers Association's latest data, mortgage application volume increased 8.9 percent over the previous week, and 5.7 percent annually.
Based on data analysis of home values, days on market, share of homes sold at a loss, closing costs, and the number of local real estate offices, a new study ranks the best sellers markets in the U.S. today.
The Federal Housing Administration recently informed lenders that it would be flagging more loans as high risk, as part of an overall effort to tighten the manual underwriting process.
Following the 2019 International Builders' Show, the team at John Burns Real Estate Consulting (JBREC) identified the top 5 product design trends for the year.
For young Millennials and homebuying Generation Z-ers aged 20 to 29 years, these 10 markets are the most popular in the nation. Only one metro per state was included in the study.
Home-flipping tech startups like Opendoor, and expanding real estate platforms like Zillow are using algorithms to consolidate and streamline the homebuying and selling process into an all-in-one experience.
