By ERIN FLYNN JAY A growing percentage of American homeowners have no mortgage on their property. According to the U.S. Census Bureau, nearly 40% of homes in the country were mortgage-free last year. That means more than 34 million homeowners have fully paid off their mortgage, leaders at the National Association of Home Builders said…
By ERIN FLYNN JAY As mortgage rates rise heading into the holiday season, potential buyers are holding off on home purchases hoping for more favorable conditions in the new year. Officials at Freddie Mac reported Thursday that last week the 30-year fixed-rate mortgage averaged 6.72%, up from 6.54% the week prior. This is the fifth consecutive…
By ERIN FLYNN JAY As mortgage rates drop, some industry leaders are hopeful that home sales will pick up moving into the fourth quarter, but it looks like 2024 won’t meet expectations. Although applications are ticking up, refinances may be hitting their ceiling, and according to the August economic forecast from the Mortgage Bankers Association,…
By ERIN FLYNN JAY More older adults are living in senior housing and the supply of units for elderly Americans is not keeping up with expected demand, according to leaders at a national company specializing in these services. Seniorly, which has an online directory of senior living communities and partners with local advisors, recently released…
Photo: Coastal flooding during storms is an ongoing issue that will continue to impact properties in towns such as Hampton, New Hampshire. By KIMBERLEY HAAS The economic impact of climate change was the opening topic of discussion at the National Association of Real Estate Editors conference on Tuesday. John Rogers, chief innovation officer at CoreLogic,…
By KIMBERLEY HAAS As artificial intelligence continues to dominate news headlines, real estate leaders are speaking about what this wave of technology means for the future of their market. Glenn Phillips, CEO of Lake Homes Realty, said AI is a “massive game changer” during the National Association of Real Estate Editors conference in Las Vegas…
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