by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Refinancing activity has dropped dramatically among rising interest rates, with Bankrate reporting the national 30-year refinance rate at 7.07% on Oct. 17. However, homeowners have begun seeking alternate options to refinance. According to a new report from CoreLogic,...
by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications continued their decline last week, hitting their lowest level of activity in 25 years, according to the Mortgage Bankers Association (MBA). This week new loan activity slid 4.5% from one week earlier, according to MBA’s latest Weekly Mortgage...
by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. According to a new...
by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
U.S. single-family home rental costs posted an 11.4% year-over-year increase in August, marking the fourth straight month of annual deceleration, according to the CoreLogic Single-Family Rent Index for August, released this week. Key highlights: Lower-priced (75% or...
by Jesse Williams | Oct 18, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
First-time and moderate-income homebuyers are currently trapped in a market not working in their favor. With the housing market experiencing low-inventory and record breaking high-home prices, there is little to no room for these groups to find housing without...
by Jesse Williams | Oct 18, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The National Association of Home Builders (NAHB) and Westlake Royal’s Remodeling Market Index (RMI) posted a reading of 77 for the third quarter, declining 10 points compared to Q3 of 2021, according to a release. “Remodelers in many parts of the country remain...