Posts Tagged ‘news’

NEWS: Average U.S. rent climbs to $1,472 in August

September 16, 2019 Alcynna Lloyd America’s rental prices continued to grow in August, as RentCafé indicates the nation’s average rent increased $47 from the previous year. According to the company’s Apartment Market Report, the national average rent in August totaled $1,472. This is a 0.1% increase from the previous month, and also represents a 3.3% increase from the…

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NEWS: Millennials drive mortgage refinance boom, and lenders are scrambling

August 9, 2019 Diana Olick Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Applications to refinance were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has lenders scrambling to keep up. Quicken Loans,…

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NEWS: Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

Diana Olick May 22, 2019 Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again. Total mortgage application volume increased 2.4% last week from the previous week and was up 15% from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinances drove…

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NEWS: ‘I went the extra $5,000’: Despite a cooling housing market, buyers bust their budgets

Paul Davidson, USA Today May 22, 2019 A nationwide housing shortage has eased somewhat. Home price gains have moderated. And bidding wars are no longer commonplace. Yet buyers are still blowing through their budgets by ever-higher amounts to lasso their dream homes, according to a recent survey by Owners.com, a real estate brokerage.  The finding shows that even…

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NEWS: Vacant Homes Fetch Less Money and Take Longer to Sell

Mike Sorohan  May 21, 2019 The financial crisis taught mortgage lenders, servicers and policymakers that vacant homes pose major problems-from maintenance, blight, lower neighborhood property values and crime. Now, with the crisis largely behind, a different kind of issue faces vacant properties, said Redfin, Seattle. A recent Redfin analysis found nationwide, vacant homes sell for…

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