With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to Census Q3 data.
The share of new single-family constructions bought with cash grew to 9.2% of sales in Q3, rising from 7.1% in Q2, a new report from the National Association of Home Builders said. The jump of more than two percentage points is tied for the largest quarterly increase since 2010.
The Federal Housing Finance Agency (FHFA) has approved an increase in the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac for the year 2024. The new limit is set at $
A recent report from Redfin, highlighted by Axios, indicates a rising trend of U.S. homeowners selling their properties at a financial loss. Between August and October 2023, more than 3% of home sales
Mortgage applications saw an uptick last week, propelled by a continuous decline in mortgage interest rates from their highest point in 23 years, as reported by the Mortgage Bankers Association (MBA).