Category Archives: Real Estate News

“We are in the midst of the worst rental affordability crisis that this country has known,” said Shaun Donovan, U.S. Secretary of Housing and Urban Development. Half of all U.S. renters today pay more than 30 percent of their incomes … Continue reading →

But smaller and community lenders are not necessarily going to offer the absolutely lowest rates, especially for savvy online rate seekers—most of whom are looking to refinance a home, which generally requires less hand-holding than a purchase. (Read more: Why … Continue reading →

“I think it built up some pent up demand,” said Alan Laing, CEO of Pennsylvania-based Orleans Homes. “We saw immediately after the resolution, traffic and sales got better in the second half of October.” The short drop in mortgage rates … Continue reading →

Home prices were up 12.5 percent in October, according to the latest reading from CoreLogic. While the gains are beginning to slow, the sharp move up this year has rattled the housing recovery. “We have come too far too fast,” … Continue reading →

Flat screens and espresso makers? No, turns out that consumers should have been buying mortgages on Cyber Monday. By the end of the day, the average rate on the commonly used 30-year-fixed mortgage was 4.5 percent, its highest point since … Continue reading →