Is the lock-in effect loosening its grip on housing? Realtor.com thinks so
U.S. homeowners who carry mortgages with rates of 6% or more now outnumber those with rates below 3%.
Homebuying
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Why most buyers hire the first agent they talk to
A third of buyers said online research played a large role in selecting an agent. Repeat buyers now account for a majority of home purchases.
Homebuyers hunt for Black Friday bargains as price cuts spread
According to HousingWire Data, price cuts have become a defining feature of the late-fall housing market — with discounts deepening just as the holiday sales season kicks off.
What real estate agents need to know about the 50-year mortgage
Extending terms to 50 years does lower monthly payments — but it also substantially increases total interest paid and slows equity growth.
Luxury homebuyers getting more bang for their buck in Atlanta, Denver
In Atlanta, Denver and Houston, homes priced between $1 million and $2 million often contain more than 4,000 square feet.
1 in 5 Gen Z adults say housing affordability is top life concern
Despite these challenges, 67% said homeownership is an important lifetime goal and 69% view real estate as a way to build wealth.
Kansas City Fed chair backs cautious approach on rates
Kansas City Fed Chair Jeff Schmid said he voted in favor of the Fed’s September quarter-point rate cut but sees no need for aggressive easing.
Cleveland nonprofit fights to halt investor homebuying wave
Investors were responsible for 43% of 2024 home purchases in some of Ohio’s and Pennsylvania’s lowest-income neighborhoods.
Broker Public Portal becomes Cribio, chooses the consumer’s side
Since its founding in 2014, the Broker Public Portal has worked hand-in-hand with MLSs to aggregate data and streamline access for consumers.
Banks earned $1 trillion windfall during Fed’s high-rate period
Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers.