The fastest-growing segment of the housing market today is single-family rentals – specifically detached homes or townhomes, according the Urban Institute. The shift to single-family rentals is being driven by a number of factors, notably tight mortgage credit and millennials’ lifestyle choices, which differ from earlier generations’.Single-family rentals (one-unit, attached […]

The rapid rise of single-family renting

Home buyers are experiencing lower mortgage rates according to two measures of the sector. Freddie Mac’s Primary Mortgage Market Survey shows an average rate of 3.82% with an average 0.5 points for 30-year FRMs for the week ending August 31. That’s down from 3.86% a week earlier and up from […]

Mortgage rates continue lower

Political uncertainty in Washington has pushed mortgage rates lower in the week to Wednesday (May 17) according to the latest data from The benchmark 30-year fixed rate mortgage slipped to 4.15% in the site’s weekly national survey, to reach a new 5-month low. The 30-year fixed mortgage has an […]

Mortgage rates fall to a 5-month low

Almost half of renters surveyed by say they haven’t purchased a home yet because they believe their credit isn’t good enough to qualify for a home loan or they can’t afford a down payment. “A lot of people make assumptions that they can’t afford to buy based on just […]

Purchasing Easier Than Renters Think

Mortgage rates barely wavered following Labor Day weekend, the latest Freddie Mac Primary Mortgage Market Survey said. This comes after two weeks of volatile swings due to uncertainty in China. The 30-year fixed-rate mortgage averaged 3.9% for the week ending Sept. 10, 2015, up from last week when it averaged […]

Mortgage rates barely nudge

New home sales up 5.4 per cent Newly-built single-family homes saw an increase in sales of 5.4 per cent in July to a seasonally adjusted annual rate of 507,000 units. Data from the HUD and the US Census Bureau reveals that the Northeast saw a 23.1 per cent gain; West […]

New home sales up

Prices grew across all regions over the year Home prices slightly increased in April, inching up 0.3% from March, the latest house price index from the Federal Housing Finance Agency said. The previously reported 0.3% change in March remains unchanged. Then index is based on home sales price information from […]

Home prices slightly rise in April