Mortgage News - Page 18

Things are looking up for homebuyers on the West Coast. According to new data, the historically hot coastal markets are finally cooling down — and buyers are having an easier time snagging those dream homes.

Homeownership among Hispanic Americans is on the rise. According to a new report, Hispanic homeownership rose to 47.1 percent in 2018 — its highest point since 2010. It also marks the biggest annual gain in homeownership for the cohort in 13 years.

American homebuying power has reached its second-highest point in the last 20 years. According to a new analysis, the average buyer can now afford a home priced as high as $391,037.

Home flipping is once again a major force in the housing market. According to new data, it accounted for more than 10 percent of all home sales last quarter — nearing all-time high levels.

It looks like Generation Z is coming at homeownership faster than Millennials have taken to it. Though many Millennials aren’t buying homes until their 30s, according to a new survey, more than half of Gen Zers plan to buy a home in the next five years — when they’re only 24 to 28.

If you’re holding out hope that home prices will start to decline, you might be in luck. According to new data, the chance of dropping prices is up — especially in the high-cost markets on the West Coast.

Want a home that improves in value? Then you might want to buy near a legal marijuana dispensary. According to new data, dispensaries can boost home values by $22,000 or more.

Properties taxes increased by 4 percent nationwide last year, but the upward trend wasn’t unilateral. In fact, according to new data, some cities saw property tax rates as low as 0.35 percent last year.

It’s getting harder and harder to be a renter, it seems. According to new data, rents are now up in 92 percent of the country’s largest cities.

With the median home price hitting $300,000 for the first time ever last week, choosing your location wisely has never been so important when buying a house. Fortunately, according to new data, there are still a few U.S. locales where home prices are affordable — or even dropping.

Agents and homebuyers looking to speed up the overall homebuying process are in luck. Thanks to a newly launched platform, making an offer on a house — and even negotiating counteroffers — is as simple as the click of a button.

The Freddie Mac HomeOne program removes income and geographic restrictions from its 3% down loan. Buyers can qualify for a low down payment even without low-income status.

Down payments, closing costs and homeowner’s insurance — these are all costs homebuyers need to prep for when purchasing a house. But what about other things like maintenance and home improvement? New data reveals just how much homeowners are spending on these costs — and how much new buyers should budget for.

Profit margins are up for single-family property investors. In fact, according to new data, some counties have seen rental profits jump as much as 29 percent in just the last year.

A few months ago, it didn't make sense for many homeowners to refinance. But almost overnight, nearly 5 million of them can cut their monthly payments. What's going on?

Home inspections can provide key insights when buying a house. And according to new data, it could also save serious cash, too. In fact, the average inspection reveals more than $11,000 in potential repairs.

Three percent mortgage rates are a real possibility in 2019, and in fact, already here for some borrowers, according to The Mortgage Reports daily survey. See if you qualify for a rate in the 3s.

Decreasing mortgage rates, rising wages and a finally improving supply of inventory all spell good news for the housing market. In fact, according to one expert, “a stronger than expected” spring homebuying season is ahead.

Brexit drama is pushing down US mortgage rates. Should mortgage shoppers act now or wait for rates to drop even lower?

No money for a down payment? That might not be a problem. According to a new analysis, the majority of recent Millennial and Generation X homebuyers pay either no down payment or down payments of less than 10 percent when purchasing their home.