Rise in Homes Values
According to a recent MReport, home values have risen to the highest point since the COVID outbreak began in March of last year. The article highlights data from the Radian Home Price Index, which discovered that home prices increased 10.4% between March 2021 and April 2021. From April [...]
Millennials Experiencing Regret After Purchasing a Home
According to a recent MReport, an increasing number of millennials are experiencing feelings of regret after purchasing their home. A report from Bankrate discovered that roughly two-thirds of millennial homebuyers felt remorse post home purchase. The survey revealed that older buyers were less likely to feel regret compared [...]
Where Are the Best Metros for First Time Buyers?
A recent DSnews report highlights the best metros areas for renters looking to purchase a home. An increase in demand, low mortgage rates, low inventory, and millennials aging into homeownership has made it difficult for first-time homebuyers, who are mostly current renters. Odeta Kushi, the First American Chief [...]
How Competitive is the Market?
A recent MReport highlights how intense the competition has become when purchasing a home. It is not shocking that those seeking higher-end single- family homes have faced increased competition. According to Redfin, 60% of their home offers written in February faced competition, which is a 1% increase from [...]
Why Are Refinancing Applications Being Denied?
According to a recent MReport, while an increase in interest reduces the amount of qualified candidates, rates are 30 basis points lower than they were a year ago. This indicates that many American homeowners can still save money on their monthly mortgage payments by refinancing. LendingTree analyzed the [...]
What Cities Have the Most Active Listings?
A recent MReport highlights the current cities with the most and fewest homes on the market. Due to the COVID-19 pandemic, there have been shifts in the housing market. There is an inventory shortage, increase in home prices, and thus, there is an increase in competition. According to [...]