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Tag Archives: Mortgage Rates

Whatever Happened to Starter Homes?

Due to increasing cost of land, zoning restrictions, and skyrocketing costs for building materials, starter-homes are becoming a dying trend. The latest market study from Point2 Homes explores the challenges facing first-time buyers.

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Southern Regions Experience Surge in Migration

A recent survey from CraftJack showed that 1 in 5 Americans moved in 2021 following the onset of the pandemic. New data reveals that the South is seeing the greatest increase in migration, while the Northeast is losing the highest share of residents.

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FHFA Releases Q2 Foreclosure Prevention Report

The FHFA's foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month.

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Growing Affordability Constraints Persist for Buyers

With many Americans citing high home prices and mortgage rate conditions as primary reasons for being unable to afford a home, an estimated 75% of consumers in Fannie Mae’s latest Home Purchase Index believe now is a bad time to buy a home, causing many to pull back from their home searches.

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