Distinctive Mortgages
Housing construction surprises with August rebound — but permits spell another downturn!
Residential construction logged an unexpected rebound in August, with housing starts surging 12.2% month over month to a seasonally...
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Distinctive Mortgages
- Aug 28
- 1 min
Home Prices Just Dipped—Are They Poised To Plummet This Fall?
For the past two-plus years, home prices were unstoppable. Buyers watched in horror as they swiftly ratcheted ever higher from one month...
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Distinctive Mortgages
- Aug 18
- 1 min
Mortgage Applications for Homes Drop to Lowest Weekly Level Since 2000!
As if observers needed more evidence that the housing market is experiencing a steep contraction, the Mortgage Bankers Association (MBA)...
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Distinctive Mortgages
- Aug 5
- 1 min
New Home Sales Plunge in June!
New single-family home sales declined in June due to rising mortgage rates and worsening affordability conditions. Per Freddie Mac, the...
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Distinctive Mortgages
- Jul 19
- 1 min
Housing market may be cooling, but buyers looking to switch metros reach record level!
The number of Redfin.com users nationwide who looked to move from one metro to another reached an all-time high in the second quarter of...
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Distinctive Mortgages
- Jul 13
- 1 min
The Big Risk in Buying a House Sight Unseen...
In many areas of the country, homes continue to sell even as rising mortgage rates, high prices and recessionary concerns filter through...
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Distinctive Mortgages
- Jul 5
- 1 min
Home price increases slowed in April for the first time in months, S&P Case-Shiller says...
Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March...
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Distinctive Mortgages
- Jun 27
- 1 min
New-home sales post a May surprise with an 11% monthly gain!
Friday’s new residential sales report from the U.S. Census Bureau brought some surprisingly good news as new single-family home sales...
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Distinctive Mortgages
- Jun 13
- 1 min
5 economists and real estate pros predict what mortgage rates may look like this summer — and share
Mortgage rates have been on an upward march in 2022: While in January, 30-year fixed mortgage rates were a little over 3%, recently,...
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Distinctive Mortgages
- Jun 6
- 1 min
The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game!
Mark your calendars: The month of May might go down as a turning point in the red-hot real estate market that’s been scalding homebuyers...
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Distinctive Mortgages
- May 31
- 1 min
Inventory shortage shows early signs of easing, according to Redfin...
The persistent shortage that has plagued the U.S. housing market for years may be on the cusp of letting up, according to Redfin. Per...
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Distinctive Mortgages
- May 9
- 1 min
Here Are the Most Popular Cities for Homebuyers in 2022—and the Places People Can’t Wait To Leave!
he COVID-19 pandemic shook up just about everything—especially where many people live. It caused a mass real estate migration unlike any...
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Distinctive Mortgages
- Apr 11
- 1 min
Lots of buyers today have six-figure incomes!
The median household income in America is about $68,000, according to the Census Bureau — but that may not be enough to help you buy a...
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Distinctive Mortgages
- Apr 1
- 1 min
Rate hikes haven’t depressed interest in purchase mortgages – yet
Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the...
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Distinctive Mortgages
- Mar 21
- 1 min
Existing-home sales roller coaster continues in February!
The roller coaster of existing-home transactions continued in February, with sales backtracking to a seasonally adjusted annual rate of...
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Distinctive Mortgages
- Mar 18
- 1 min
Where home prices are headed through 2023, as forecast by Bank of America?
Federal Reserve Chair Jerome Powell told Congress earlier this month he favors upping rates in order to help rein in runaway inflation....
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Distinctive Mortgages
- Mar 5
- 1 min
Mortgage rates plunge just as home prices set another record!
Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely...
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Distinctive Mortgages
- Feb 24
- 1 min
Large share of renters plan on buying in 2022 — but will they be able to?
Among the large swath of renters looking to make a move in 2022, nearly 42% are planning to buy a home, according to a recent survey from...
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Distinctive Mortgages
- Feb 21
- 1 min
Dearth of Inventory, Price Hikes Pose Challenges for Shoppers (January 2022 Market Report)
*Home value appreciation accelerated again in January, to a record 19.9% annual gain. *Inventory plunged below 900,000 listings, a record...
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Distinctive Mortgages
- Feb 4
- 1 min
Home seller profits rise to highest since at least 2008!
Home sellers across the country realized a median profit of $94,092 on the typical sale in 2021, according to Attom Data Solutions....
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