Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Mortgage demand falls even further, as rates shoot back up to July highs Read More »
Buyer beware: You may want to think carefully about that home purchase now, according to one expert. “From an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,” Chistopher Mayer …
Newsfeed: Housing expert: ‘This might be the worst time you could buy’ Read More »
Imagine buying real estate, renting it out, and generating passive income—all from your laptop. As investors buy more and more houses, a large number are doing it without even visiting the properties.
Newsfeed: Rise in Laptop Landlords Read More »
After several months of workers feeling more powerful than their bosses, the tides are turning. More than half of employees (58%) believe their bosses have the higher ground in the workplace, finds a new survey conducted by the Harris Poll for Bloomberg. That’s a 5% jump since January.
For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.
High inflation, weakening builder sentiment and increasing mortgage rates added to the industry’s previous list of headwinds, exacerbating a pullback in the single-family market as multifamily development continues to grow.
Newsfeed: Starts Fall by 10% While Multifamily and Single-Family Permitting Diverges Read More »
One month after we reported that home prices finally dropped for the first time in year, an observation echoed yesterday by Black Knight which also found that home prices had fallen for the first time in 3 years last month – in the biggest decline since 2011 – we knew the other shoe in the ongoing housing crash was set to drop any minute.
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
Newsfeed: Wells Fargo Cuts Back on Mortgage Lending Read More »
After yesterday’s dreadful collapse in new home sales (and Toll Brothers’ less than rosy picture overnight), analysts expected another monthly decline in pending home sales in July (though not as violent as the June plunge). They were right as pending home sales dropped 1.0% MoM (beating expectations of a 2.6% drop but that was largely driven by a downward revision for June data)…
Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID) Read More »