According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were largely flat last week, with little significant movement on rates for 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But though rates remained steady, demand …
View MoreA newly released study from researchers at the University of Southern California looks at homeownership rates among young adults between the ages of 25 and 44. The study's results show, among that age group, there's been a 10 percent drop in the homeownership rate over the past 10 years. But …
View MoreFollowing the ups-and-downs of the housing market can be difficult for the average home buyer or seller. Because of this, many Americans get in the market without a basic understanding of the forces currently driving home prices, mortgage rates, demand, etc. However, it can be beneficial to have a big-picture …
View MoreAccording to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell to a new low for the year last week, with drops seen across all loan categories. Rates declined for 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year …
View MoreIt shouldn't come as any surprise that American homes are generally getting bigger and adding more rooms. After all, who wouldn't choose to have an extra bedroom or some additional storage space? Still, a look at the numbers, shows just how much our living spaces have changed over the years. …
View MoreEach month, the U.S. Census Bureau and the Department of Housing and Urban Development release an estimate of how many new homes were sold during the previous month. Because it's an estimate, the month-to-month numbers can be volatile. For example, the most recent residential sales statistics show an 11.4 percent …
View MoreIt's always good to prepare before you set out to buy a house. But that's especially true in a tight market. If there are more buyers than homes for sale, there's naturally also going to be competition. And where there's competition, buyers need to be ready. So what can …
View MoreThe number of owner occupied households has been lower-than-normal for several years. Following the housing crash, homeownership took a hit and, for many years afterward, trailed behind rental households in terms of growth. In short, more people were choosing to rent and the overall homeownership rate began a decade long …
At the end of last year, spiking mortgage rates had many analysts concerned that rates would continue to increase and cause home buyers to sit out the spring buying season. But, according to the Mortgage Bankers Association's Weekly Applications Survey, rates are actually heading in the opposite direction. In fact, …
Whenever the topic of millennial home buyers comes up, the assumption is that they're all searching for urban lofts and using the latest tech to find them. In other words, the next generation of home buyers isn't interested in the old way of doing things. However, survey after survey seems …