More buyers are stretching their budgets, putting less money down or using adjustable rate loans that offer lower rates. Buyers today need to be not just pre-approved for a mortgage but have a mortgage commitment. Borrowers have more options for…
By Patrick Merryman Opinions about home ownership vary from person-to-person. And while some view buying a home as a necessity, others believe it’s overrated. Although there’s no rule that says we must own, there are good reasons to stop renting and…
About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream, according to the quarterly Housing Opportunities and Market Experience survey from the National Association of Realtors. However,…
By Clare Trapasso | May 18, 2017 By now just about every would-be buyer out there knows there simply aren't enough homes for sale these days to appease the hordes of competition. But despite the shortages, rising prices, and bidding…
Americans are beginning to feel more confident in the housing market as an increased share says now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment Index. The HPSI increased by 2.5 points in…
DAILY REAL ESTATE NEWS | MONDAY, APRIL 09, 2018 Many older Americans may be concerned about having enough money to cover their expenses when they enter retirement, as 41 percent of homeowners ages 65 and older are still carrying mortgage debt, according…
An increasing share of Millennials are now leaning toward conventional financing, rather than FHA, and even hit an all-time high in February, according to Ellie Mae’s Millennial Tracker. About 68% of all mortgage loans in February were conventional, the highest percentage since…
