Rejected for a Home Loan? Don’t Give Up Yet
Nothing is more devastating to homebuyers than to search for months and finally find the place they want, only to be rejected by their chosen lender. But it happens. Roughly 1 in 10 loan applicants are turned down, according to the latest statistics. If you are one of...
Affluent Americans’ Spending Driving Economy, Delaying Fed Rate Cuts
Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after...Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2022. However, both conventional and government purchase applications increased....
Study Finds Single Buyers Increasingly Priced Out of Starter Homes
A new study from PropertyShark finds home prices continue to outpace wage growth in many urban centers, preventing single-income buyers from entering the market. The number of cities where single people cannot afford to buy a home has grown from 14 cities in 2017 to...Redfin: Second-Home Boom Is Coming to an End
Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level since May 2020, according to a new report from Redfin. Demand for vacation homes was still up 13 percent from pre-pandemic...This Week’s Paper: Digital Edition
