Just because mortgage rates are relatively high doesn’t mean pennies can’t be saved. A new study reveals borrowers in the nation’s 50 largest metros could save an average of $84,301 over the lifetime of their loans by shopping around for a mortgage.
Read More »Mortgage Wire Payoff Fraud Attempts Increase Five-fold
A new company, CertifID’s PayoffProtect, has achieved widespread adoption in the title and real estate industry, resulting in $37B in transactions protected from fraud.
Read More »Wildfires, Property Values, and San Diego
How wildfire risks impact property values in San Diego County.
Read More »Trading Rent for a Mortgage Not a Better Deal for Everyone
Those who move from renting to the homeowning game are not necessarily getting the full return out of their mortgages. A new report from Point2 found that homebuyers who trade their rent for a mortgage of the exact same amount (complete with fees and taxes) do not necessarily get more bang for their buck.
Read More »Home Purchase Sentiment Improves, But Few Believe It’s a Good Time to Buy
Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”
Read More »New Monthly Mortgage Payments Top $2,600
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated.
Read More »Freddie Mac to Use Tax Transcripts as Income Verification
Multiple years of applicant tax data will help lenders precisely calculate income quickly, expanding options for income verification.
Read More »Is a ‘Double-Dip’ Housing Recession Approaching?
Odeta Kushi, First American’s Deputy Chief Economist, has authored a new blog post discussing the definition of a housing recession and looking at the momentum of sales to determine if we are in fact flirting with a “double-dip” housing recession.
Read More »Challenges Remain for Buyers and Sellers as Market Avoids Crash
"The housing market is stabilizing after the turbulence of the pandemic, but the effects will be with us for a long time," said Zillow Senior Economist Jeff Tucker.
Read More »International Buyers Purchased About 84,600 Units or $53.3B Last Year
According to a new report from the National Association of Realtors (NAR), international buyers and investors purchased $53.3 billion worth of residential properties from the period between April 2022 and March 2023, a 9.6% reduction from the previous year.
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