Mortgage News - Page 20

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.

Digital mortgage solutions are a major priority for today’s homebuyers. In fact, according to a new survey, half of all homebuyers choose their mortgage lender based on whether they offered a digital portal or not.

Thinking of buying a new house in 2019? Chicago’s your best bet. According to new data, the city saw the biggest surge in new home construction last month, with a 60 percent uptick year over year.

A whopping nine out of 10 homeowners plans to remodel their house, according to a new survey. And more than a third of those homeowners? They plan to do so in the next two years.

Home price growth might be slowing, but homeowners are still gaining serious equity in their properties, According to new data, the average homeowner saw their equity jump by $9,700 last year.

The Sunshine State has more than just great weather and sandy beaches. According to a new analysis, it also has four cities where mortgage payments clock in significantly lower than local rents.

Are buyers willing to use AI instead of a real estate agent? How do sellers really feel about those commission fees? Which generation is most likely to forgo an agent altogether? A new survey has some interesting insights in how real estate agents are seen, used and (in some cases) replaced in today’s tech-savvy market.

More and more Americans are becoming homeowners — and younger generations are leading the charge. According to new data, owner households grew by more than 1 million last quarter, marking the eighth quarter in a row to see such growth.

Americans apparently aren’t making the smartest financial decisions when buying their homes. According to a new report, homebuyers are missing out on millions in mortgage savings by not shopping around.

Thanks to decreasing mortgage rates, consumer homebuying power is up. In fact, according to new data, it actually made its biggest monthly jump in more than five years.

Southern states boast the lowest in average real estate taxes, according to a new analysis. In fact, New Jersey homeowners willing to move to low-cost states like Alabama could save as much as $8,000 a year in property taxes.

The days of Millennials sitting on the homebuying sidelines have now come to an end. According to new data, the generation is now taking out the largest dollar share of new mortgages in the nation.

The No. 7 U.S. lender isn’t a big bank of fintech firm. Nope. According to a new analysis, it’s good old mom and dad.

Housing inventory is finally on the rise. According to new data, January saw for-sale inventory jump 1.2 percent over December, marking the first time in half a decade that has happened. The last time a calendar year kicked off with an increase in inventory was 2014.

Tiny homes are often billed as the new big trend in real estate, but according to data, that just isn’t the case. In fact, tiny homes only made up a mere 2.1 percent of all New York City sales in the last eight years — and that’s the highest share of all major cities in the country.

Looking to snag a low mortgage rate? Then considering putting down roots in California. According to new data, the state claims the lowest mortgage rates in the nation.

For the past few years, iBuyers like Opendoor, Offerpad and other similar platforms have been simplifying the sales process for homeowners across the country, offering easy, instant cash offers, without all the hassle and headache of the open market. Now, with the launch of a new online marketplace, sellers can do more than just utilize iBuyers to sell their homes; they can actually compare the offers of more than 100 iBuyers in one single place, too.

Aspiring homeowners are willing to do a lot in order to buy a house. According to new data, many would work an extra job or even add a roommate in order to realize their dreams of homeownership sooner.

Rents continued their upward climb last year, with even small, studio properties clocking in at an average $1,065 rent by December’s end. And according to new data, Newark, New Jersey renters got hit the worst.

If members of Generation Z want to own a home, they need to start saving today. According to new data, Gen Zers need to save more than $300 a month to buy a house by age 30.