Endorsements of Home Equity Conversion Mortgages in March jumped to their highest level since March 2011, as seniors took advantage of increasing equity. Endorsement volume jumped 26.3% month over month to 6,510 endorsements from 5,153 in February, according to the report from Reverse Market Insight. Numbers...
The National Association of Realtors® Research Group released their 2022 Remodeling Impact Report. Homeowners and renters remodel, redesign, and restructure their homes for a variety of reasons. This report takes a deep dive into the reasons a homeowner remodels, the outcome of taking on projects, and...
US inflation is officially up to its highest level in four decades, and the rising cost of living and other financial pressures have left seniors worried about their future. I understand how inflation affects seniors and their retirement; reverse mortgage lender American Advisors Group (AAG) surveyed...
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There has been a recent wave of lawsuits filed against Realtors® by testers. There has been a recent wave of lawsuits filed against Realtors® by “testers,” which are groups that call Realtors® just to see if the Realtor® will violate a provision of the Fair Housing...
It’s an unexpected trend for summer in Florida Treasure Coast home sales are continuing to slow, in some areas down nearly50% in July compared to the same time last year — an unexpected trend a ssummer typically is prime time for people to relocate to Florida. Simultaneously,...
Experts coincide on data, although home prices still robust amid reduced profit margins for brokers and lenders The US housing market is heading for a recession, various sources have confirmed. The latest figures from the Mortgage Bankers Association (MBA) show that mortgage applications fell 18% year on...
NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers. Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association...
Half of all US mortgaged homes are now considered equity-rich, according to a new report by real estate data curator, ATTOM. According to the US Home Equity and Underwater report for Q2, 48.1% of mortgaged residential properties in the country were considered equity-rich in the second...
The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist. After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to...
