homebuyers

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

ERA Real Estate Offers Listing Service for New Construction Homes

MADISON, N.J./ June 28, 2018 (STL.News) — ERA Real Estate, a global franchising leader, today announced a relationship with Builders Digital Experience (BDX) to bring affiliated brokers and their independent agents access to more than 130,000 units of new construction inventory. By incorporating BDX’s New Home Source Professional, a new home construction listing platform funded … Continue reading ERA Real Estate Offers Listing Service for New Construction Homes

Colombia Leads Countries Looking for Miami Homes in February

MIAMI /JUNE 25, 2018 (STLRealEstate.News) — Colombian consumers registered the most international web searches for Miami homes in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to … Continue reading Colombia Leads Countries Looking for Miami Homes in February

Mortgage Payments Require Largest Share of Income Since 2009

SEATTLE/ June 21, 2018 (STLRealEstate.News) — The combination of rising rates and strong home value appreciation led to one of the largest recorded quarterly increases in the mortgage burden for homebuyers since the Great Recession.  In the first quarter of 2018, the share of median income needed for monthly mortgage payments on the median U.S. home increased to … Continue reading Mortgage Payments Require Largest Share of Income Since 2009