Why List a Home When You Can Collect Rent?
Some sellers have always opted to rent out their old home rather than sell, but skyrocketing rents have pushed even more into that landlord category.
Mortgage Report: Minority Buyers Grow in 2021
The nation’s consumer bureau (CFPB) found a drop in refinances and increase in buyers, with all minority groups gaining ground in the share of homes purchased.
Higher Rates Keep 20% of Sellers from Listing
Many homeowners want to upsize or downsize, but an estimated 20% stay in place to avoid replacing their current low mortgage rate with a higher one.
Drop in Builder Confidence Continued in Sept.
The homebuilders’ confidence index dropped from 49 to 46 this month, where any number below 50 indicates that pessimism outweighs optimism.
Aug. Housing Starts Surge 12.2% Thanks to Multifamily
Single-family home starts rose 3.4% last month and are down 4% for the year. But Aug. multifamily starts – apartments and condos – surged 28%.