Tag: Mortgages
Black real estate developers get access to big capital
Black Americans represent less than 5% of residential real estate developers, largely because they can't get equal access to capital, according to a r [...]
January pending home sales show rush of contracts
Saul Loeb | AFP | Getty ImagesA sharp drop in mortgage interest rates brought homebuyers out in force in January, but rates have bounced back higher a [...]
Home flipping profits drop at fastest pace in over a decade
As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is t [...]
Mortgage demand inches higher as interest rates move lower
After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates.Applications [...]
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida.Getty ImagesThe average rate on the 30-year fixed mort [...]
Here’s how to afford to buy your first home with a lower down payment
The Central Business District of PittsburghJ. Altdorfer Photography | Getty ImagesAfter bidding wars during the pandemic, demand for home purchases ha [...]
Mortgage demand falls again even as interest rates sink further
A "For Sale" sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022.David Paul Morris | Bloomberg | Getty ImagesLower mortgage rat [...]
Mortgage rates fall for the third straight week, but demand still drops further
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022.Steve Pfost | Newsday | Getty ImagesMortgage rates s [...]
Mortgage demand rises as interest rates decline slightly
Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage B [...]
Investor home purchases drop 30% as price gains slow
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesHome sales have dropped for nine s [...]
How to afford a mortgage as interest rates and home prices rise
It's no secret that it's a tough market for prospective home buyers.In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortg [...]
Home sales fell for ninth straight month in October
A 'For Sale' sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida.Joe Raedle | Getty ImagesHome sales declined fo [...]
Sharp drop in mortgage rates does little to boost demand
A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA.Brian Van Der Brug | Los Angeles Times | Getty Im [...]
Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts.Suzanne Kreiter | The Boston Globe | Getty ImagesAs the U.S. housing market [...]
Homebuilder sentiment drops to a decade low
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31 [...]