The Science of Homebuying Psychology: A Study

A recent survey of approximately 3,350 U.S. residents in 11 different metro areas who have either bought a home, sold a home, or plan to do so was conducted in the hopes of uncovering new perspectives and trends amongst recent homebuyers. It didn’t disappoint! Perhaps the most interesting finding of the survey was that one-third […]

Credit Unions Gain Mortgage Market Share

As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage market.  $38 billion of the latest volume came from credit unions, according to data supplied to Mortgage Daily by Callahan & Associates.  Credit union lending consisted of $31 billion in first mortgages and $7 billion in other real […]

NAR: Here are 5 reasons for low homeownership rate

The job market continues to show improvement, and interest rates remain historically low, yet the homeownership rate in the U.S. remains near a 50-year low. The National Association of Realtors recently released a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” which lays out five reasons for the low homeownership rate. NAR released its paper in recognition of National […]

NAHB Releases Remodeling by Zip Cost Estimates for 2017

The National Association of Home Builders (“NAHB”) recently released its latest projections of spending on improvements to owner-occupied housing by zip code. The projections show total spending on improvements, the number of owner-occupied homes, as well as average spending per improvement, in each of over 26,000 zip codes for calendar year 2017. NAHB’s improvement spending […]

Here Are 3 Ways to Help Consumers Make Better Home-Buying Decisions

A mortgage company recently conducted a consumer survey regarding the home-buying process. One of the key findings was that consumers spend more time selecting a TV than choosing their lender or real estate agent.  While today’s buyers have access to more resources than ever before, the plethora of information can be overwhelming, leaving them lost […]

Are the Suburbs Having a Rental Boom?

After the recession, renters—particularly Millennials—were flocking to urban areas, and as such, urban apartment construction surged to record-high levels. But now, a new study shows that’s changing. Renters are now targeting the suburbs in greater numbers. Read more about this topic at: https://www.rentcafe.com/blog/rental-market/real-estate-news/suburbs-gaining-more-renters-than-cities/