November 18, 2022 Weekly Drop in Rates Saves Buyers $100 per Month By Kerry Smith In real-world terms, this week’s mortgage rate drop (from 7.0% to 6.61%) saves typical buyers $1,200 per year – or gives them $12K more in purchasing power. SEATTLE – This week’s largest drop in mortgage rates in four decades (from
May 4, 2022 Lots of Help Available for Down Payments By Lew Sichelman The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts. SARASOTA, Fla. – Lawmakers in Washington have earmarked billions of dollars for down payment assistance for
March 30, 2022 Proof that Prices Won’t Fall? The New-Home Market By Chris Arnold There’s not enough supply (homes) to meet demand, with little relief in sight. The U.S. needs about 3M more homes, and it will take years for builders to catch up. BOSTON – Emerson Claus has been building houses for 45 years.
First-Time Home Buyers Don’t Want Elevators, Golf Courses, but what do they want? A study of top-demanded and least-demanded items to first-time homebuyers also found that many want hardwood floors – but not cork or bamboo. CHICAGO – A laundry room tops the wish list of first-time home buyers, according to the recent report What