Although most consumers indicate that they had a positive homebuying experience, despite a more time consuming mortgage process, they also called attention to three things that banks need to improve on.
Read More »Where are the Most Overleveraged Mortgage Debtors?
Homebuyers often bite off more than they can chew when purchasing a home which can place them into mortgage debt due because they can no longer afford the home. See which cities host the most overleveraged borrowers.
Read More »Buyers Gain Confidence Through Technology
The mortgage industry has made huge strides in terms of technological advances, offering homebuyers the opportunity to search for, tour, and make offers on homes all from digital platforms.
Read More »Life Events and Higher Rents Influence Decision to Buy
The single-family rental market has seen an unprecedented boom in popularity in the last couple of years. But a recent survey indicates that the rising cost of rents, as well as certain life events, are pushing some out of the rental market and into buying.
Read More »Median Homebuyer Age Has Remained ‘Remarkably Steady’ Over the Years
Despite rising shares of homebuyers age 50 and over and shrinking percentages of homeowners ages 35 to 50 and under 30, the median age of homebuyers has remained “remarkably steady” in the last decade.
Read More »U.S. Homebuyers Have Become More Diversified
Millennials or generation Y (age 35 and under), which is the demographic many analysts have said will be critical for the future health of the housing market, comprised 32 percent of all buyers – the largest share of homebuyers for any age group.
Read More »Majority of Buyers Are Aware of the Significant Role of Credit When Purchasing a Home
According to the survey, 70 percent of people who know their credit scores feel significantly more prepared to buy a home versus the 54 percent of those who do not know their credit scores. About 62 percent of homebuyers know that their credit scores could mean favorable interest rates to refinance their home.
Read More »Housing Market Has Made ‘Good Enough’ Progress to Buy Now, Analyst Says
Speaking from the Milken Institute Conference in Los Angeles, Blackstone Mortgage Trust CEO Steve Schwarzman told CNBC on Monday that the housing market has been "coming back for quite some time" even though inventory is low and prices have not increased as much.
Read More »Study Says Homebuyers Should Do Their Homework When Shopping for a Mortgage
The authors found that about 31 percent of first-time buyers took such advice, regardless of income, while more than half of those who earn less than $75,000 a year sought referral advice. About 7 percent above that income line sought advice.
Read More »All-Cash Financing Increases; Buyers Avoid Red Tape
According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, an estimated 26.2 percent of home purchases by current homeowners in March relied solely on cash, up from a 12-month low of 22.8 percent recorded last August. Figures are based on a three-month moving average.
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