Those looking to buy a home these days are finding that the pickings are mighty thin. That scarcity of available homes is driving house prices higher and higher, to levels not seen before.
The Federal Housing Administration announced recently that it is changing some of its rules surrounding student loans to make it easier for borrowers with student loan debt to qualify for a federally insured mortgage.
The new home construction rollercoaster continued in May with housing starts bouncing back up after falling in April, but a lack of available building materials could soon lead to a protracted decline in homebuilding.
California's housing market was hotter than it's ever been in April, and it appears that intensity may have been a little too much for the Golden State's residents. Read about California home sales cooling off while prices are at record highs.
Thanks in large part to the rise of remote work over the last 18 months, vacation homes exploded in popularity last year. That trend is continuing in earnest in 2021. Read about increasing vacation home sales.
With rates so low, you may have wondered what the cost to refinance your mortgage is? The answer is that every refinance is unique, depending on your credit score, your income level, and whether you have a low loan-to-value ratio.
With interest rates hovering well below historical levels for much of the year, it's also getting a little easier for borrowers to get a mortgage.
With home prices continuing to rise nationwide, the financial benefits of owning a home keep increasing. According to a new report, homeowners with a mortgage saw their equity increase by more than $30,000 from the first quarter of 2020 to the first quarter of 2021.
Given how many people who plan to sell their home in the next year think they'll get more than they paid for it (nearly everyone), it's probably not a surprise that potential buyers aren't feeling great about the state of the housing market these days.
Back in March, reports showed that the fourth quarter of 2020 was the mortgage industry's best quarter since at least 2000. That record stood for all of three months.