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  • Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86% September 16, 2021
    Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.
  • Bidding Wars Reach Their Lowest Level This Year September 16, 2021
    Redfin analysis: In Aug., about 59% of offers on homes written by Redfin agents faced competition, a record low for this year and the lowest level since 2020.
  • Buying B&Bs to Convert into Single-Family Homes September 16, 2021
    COVID-19’s impact on bed-and breakfasts has prompted some to close, with revenues in 2020 down 43.7% from 2019. But some are being purchased to use as personal homes.
  • Best Time to Buy a House Might Be Now in These Metros September 15, 2021
    Between now and Oct. 17, most markets across the country will have more homes for sale, lower prices and less buyer competition, according to data.
  • Student Loan Debt Keeping Most Millennials from Homeownership September 15, 2021
    NAR report: 60% of millennials who aren’t homeowners say student loan debt is delaying their ability to buy a home; 51% of all student loan holders say the same. And 36% of student loan debt holders say student loan debt delayed their decision to move out of a family member’s home.
  • Here Are the Most Popular U.S. Cities for Second Homes September 15, 2021
    Survey: Second homes account for 5.4M U.S. housing units. Miami ranks in the top 5 most popular big cities for second homes; Miami Beach is No. 1 for small cities.
  • U.S. Annual Home Prices Gain a Record 18% in July September 15, 2021
    CoreLogic: That’s the biggest 12-month gain since the series began 45 years ago. On a month-over-month basis, home prices increased by 1.8% in July from June.
  • Borrowers Withdrew $63B in Equity in Q2 September 14, 2021
    Black Knight: As a result of rising home values, the average homeowner could refinance their mortgage and withdraw $173,000, while keeping 20% equity in their home.
  • The Race Is on for Built-for-Rent Land September 14, 2021
    The percentage of built-for-rent land sales is predicted to double or triple in the next few years; in Fla., demand is rising in St. Cloud, Pensacola and Port Charlotte.
  • How Hurricane Ida Will Affect Your Insurance Rates September 14, 2021
    Experts say Ida will drive up rates for reinsurance, which is what insurance firms must buy to guarantee they can pay all claims after a disaster. That’s the pipeline that Hurricane Ida’s higher costs will travel to be passed on to Fla. insurance policyholders.