homebuyers

KW Realtor Bessie Lee Ostertag Preps Buyers for Prime Fall Season

PARK CITY, UTAH/ SEPTEMBER 18, 2018 (STL.News) The fresh smell of autumn begins the season for change – a change in the weather, a change in the leaves, and possibly the best time for a change of place. “As a real estate agent, homebuyers often ask me, ‘When is the best time to buy a … Continue reading KW Realtor Bessie Lee Ostertag Preps Buyers for Prime Fall Season

WASHINGTON | Averaged 30-year mortgage rate inches up to 4.52 percent

WASHINGTON— Long-term U.S. mortgage rates ticked up this week as borrowing costs are meaningfully higher than a year ago. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose slightly to 4.52 percent from 4.51 percent last week. The rate averaged 3.82 percent a year ago. Average rates began to climb after … Continue reading WASHINGTON | Averaged 30-year mortgage rate inches up to 4.52 percent

Redfin to Host Symposium on Race and Real Estate in Seattle on September 6

SEATTLE/ Aug. 24, 2018 (STL.News)– (NASDAQ : RDFN )– Redfin (www.redfin.com), the next-generation real estate brokerage, is hosting a symposium about race and real estate, exploring how the real estate industry can support fair access to housing. The event will take place in Seattle on Thursday, September 6 from 12:30 pm to 3:30 pm PST, … Continue reading Redfin to Host Symposium on Race and Real Estate in Seattle on September 6

Redfin Housing Demand Index Flattens from May to June

SEATTLE/ Aug. 1, 2018 (STL.News)– (NASDAQ: RDFN) — The Redfin Housing Demand Index fell 0.7 percent month over month to 120 in June. The decline was driven by a 2.2 percent decrease in the seasonally adjusted number of homebuyers requesting tours, and a 12.2 percent decrease in the number making offers on homes from May … Continue reading Redfin Housing Demand Index Flattens from May to June

Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

RICHMOND, Va./ July 11, 2018 (STL.News) — Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), today released the results of its survey of 105 mortgage industry professionals conducted at this year’s Mortgage Bankers Association’s National Secondary Market Conference & Expo in New York City. Notably, 79 percent of respondents cited both … Continue reading Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

US construction spending rose 0.4 percent in May

WASHINGTON July 2, 2018 (STL.News) — Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly — signs that new building is still uneven despite a growing economy. The uptick in May brought total construction spending to a seasonally adjusted all-time high of $1.31 trillion, 4.5 percent … Continue reading US construction spending rose 0.4 percent in May

Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment; 10% Sold Cryptocurrency

SEATTLE/ June 28, 2018 (STL.News) — (NASDAQ: RDFN) — The top concern among first-time millennial homebuyers is having enough money for a down payment, according to Redfin (www.redfin.com), the next-generation real estate brokerage. In March, Redfin commissioned a survey of 2,000 U.S. residents who planned to buy or sell a primary residence in the next … Continue reading Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment; 10% Sold Cryptocurrency