The average annual cost of owning and maintaining a single-family home in the U.S. is 26% higher now than four years ago, according to Bankrate, New York.
Tag: Bankrate.com
Many Aspiring Homeowners Cite Cost of Living, Insufficient Income as Roadblocks: Bankrate
More than half of aspiring homeowners say the current cost of living is too high or their income is not high enough to afford a down payment and closing costs for a home (51% and 54% respectively), reported Bankrate, New York.
Miami Leads Migration Destinations; Austin for First-Time Home Buyers
A record 25% of home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing, said Redfin, Seattle. And Bankrate.com, New York, said Austin, Texas ranked highest for first-time home buyers.
Industry Briefs Nov. 18, 2022: Revvin Releases HELOC-Ready Workflows
Revvin, Chicago, released a set of HELOC-specific workflows that make it easier for lenders to attract home equity line of credit applicants and gather the required information for delivery to the lender’s LOS.
More Willing to Relocate to Buy Affordable Home
Homebuyers—particularly first-time buyers squeezed by competition and soaring home prices—are considering many options, including relocating to other parts of the country, said Bankrate, New York. And according to a similar report from Redfin, Seattle, migrating could be their best option.
Housing Market Roundup: Mar. 31, 2022
Here’s a summary of recent housing market and economic reports that came across the MBA NewsLink desk:
Housing Market Roundup Oct. 7, 2021
Here’s a summary of current housing market reports that came across the MBA NewsLink desk:
Fewer Than 1 in 5 With Pre-Pandemic Mortgages Have Refinanced
Despite record low interest rates, just 19 percent of homeowners with a mortgage they had prior to the pandemic have refinanced since COVID-19 started, according to Bankrate.com.
Fewer Than 1 in 5 With Pre-Pandemic Mortgages Have Refinanced
Despite record low interest rates, just 19 percent of homeowners with a mortgage they had prior to the pandemic have refinanced since COVID-19 started, according to Bankrate.com.
Bankrate: Real Estate, Cash Are Americans’ Top Preferred Investments Over Next 10 Years
Real estate and cash investments top the list of Americans’ preferred ways to invest over the next 10 years or more, according to Bankrate.com, New York.