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When It Comes to Homebuying, There’s a Digital Generation Gap


The COVID-19 pandemic shifted the process on how people buy and sell homes. Meetings with agents were held over video chat—showings did the same—while some adopted digital closings to limit the spread of the virus. 

September Existing Home Sales, Median Home Price Both Increased


Sales of already-built existing homes increased in September in each of the four major regions monitored by the National Association of Realtors (NAR)

Increase in Purchase Apps Offsets Decline in Refis


The Mortgage Bankers Association (MBA) has reported that mortgage applications increased 0.2% week-over-week.

Refinance Market Begins to Slow


Sales Boomerang has released its Q3 2021 Mortgage Market Opportunities Report, which found that despite declines in loan volume, there were several fertile opportunities for mortgage lenders, including a high frequency of borrowers who are well-positioned to refinance for a better rate, remove FHA mortgage insurance, or tap into home equity.

Price Runup Causes Home Affordability to Slip Again


It should be no surprise that with the sharp and continued rise in property values, that single-family home affordability continues to elude the average earner in the country. 

College Debt Poses Significant Barrier to Homeownership


Sixty percent of non-homeowning millennials say student loan debt is delaying their ability to buy a home, according to a survey released by the National Association of Realtors

Coming Soon: The Best Week for Homebuying


A new study has found that the best time to buy a home this year is upon us due to a confluence of increased inventory and lower competition among buyers. 

Homebuyer Optimism Increases


Home purchase sentiment is down on an annual basis and remains relatively flat month over month. The good-time-to-sell-rough-time-to-buy feeling remains strong among consumers, however the Fannie Mae Home Purchase Sentiment Index indicates some optimism from those considering buying in coming months. The experts at Fannie Mae say concerns about the coronavirus Delta variant, as well as inflation, could be negatively affecting consumer confidence.

No. 1 Homebuyer Hurdle


Elevated home prices have made the prospect of purchasing property for the first time especially daunting. Broadly speaking, that has not quelled Americans' desire to become homeowners, shows a LendingTree survey, which reported 88% of consumers who responded to its poll said they would rather own their home than rent. That said, almost half of those who rent are worried they will never own a house.

Existing-Home Sales Rise 2.0% in July


According to the National Association of Realtors (NAR), existing-home sales rose in July, marking two consecutive months of increases. Total existing-home sales, defined as completed transactions that include single-family homes, townhomes, condominiums, and co-ops, grew 2.0% month-over-month in July to a seasonally adjusted annual rate of 5.99 million. Sales inched up year-over-year, increasing 1.5% from a year ago (5.90 million in July 2020).


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