by Jesse Williams | Sep 15, 2022 | Agents, Brokers, Consumer, Industry News, Latest News, Luxury, National, News, Premier, Teams |
On the rise since the beginning of the year, mortgage rates continued their upward trajectory this week, rising above 6% for the first time since 2008. The 30-year fixed-rate mortgage (FRM) averaged 6.02% this week, up from 5.89% last week, according to the latest...
by Jesse Williams | Sep 15, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
For the month of June, 2.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.5 percentage point decrease compared to 4.4% in June 2021, according to CoreLogic’s monthly Loan...
by Jesse Williams | Sep 14, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
The path toward homeownership is no cakewalk, but history and data have shown that it can be arduous for specific demographics, particularly among Black and Hispanic buyers. While the racial homeownership gap won’t close overnight, steps by Bank of America could...
by Jesse Williams | Sep 14, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Home size has seen a large increase over the past several decades, from 909 square feet in 1949 to 2,480 square feet in 2021, according to the American Home Size Index report released this week by American Home Shield (AHS). The report evaluates which cities and...
by Jesse Williams | Sep 14, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications decreased for the fifth-straight week, down another 1.2% from last week’s dip of 0.8%, according to the latest Mortgage Applications Survey from the Mortgage Bankers Association for the week ending September 9, 2022. This week’s results include...
by Jesse Williams | Sep 13, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Another closely watched Consumer Price Index (CPI) report is providing some mixed signals as uncertainty continues to be the driving theme of a unique post-pandemic economic transition defined by historic increases in the cost of consumer goods. As overall inflation...