(Bloomberg) — US homebuyers are increasingly paying in cash. Most Read from Bloomberg The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usu...
Tag: homebuyers
Mortgage rates edge back up, but experts say homebuyers have reset their expectations after last year’s horror show
Shake off the ‘psychological shock’: Mortgage rates edge back up, but experts say homebuyers have reset their expectations after last year’s horror show After four straight weeks of declines, mortgage...
‘Deals to be had:’ Homebuyers should ask for these incentive while they have the upper hand
The housing market is finally tipping in favor of buyers, and that means they can walk away with more than just a decent deal on a home. Around 42% of homes sold in the final three months of 2022 incl...
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’ Refusing to let a good opportunity p...
What the Fed’s December rate hike means for homebuyers and sellers
This article was originally published on Bankrate.com. The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Je...
Homebuyers are turning to all-cash offers to get around high mortgage rates
Frustrated by mortgage rates above 6%, a growing share of first-time homebuyers are opting to pay for their homes in cash to avoid high borrowing costs. In October this year, 32% of homes sold in the ...
An alarming number of 2022 homebuyers are already underwater
Surging mortgage rates aren’t just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it’s wort...
270,000 homebuyers who bought in 2022 are underwater on their mortgage
About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third qu...
Homebuyers should heed old shopping adage as mortgage rates seesaw
Mortgage rates hit their highest level in 22 years last month before retreating for the last three weeks. Experts say homebuyers can use this volatility to their advantage — especially as more lenders...
A brief ‘window of opportunity’ is now open for homebuyers as mortgage rates fall, but experts warn of a ‘longer term war that is not yet over’
A brief ‘window of opportunity’ is now open for homebuyers as mortgage rates fall, but experts warn of a ‘longer term war that is not yet over’ While turkey and pies were significantly more expensive ...
Homebuyers and sellers have never been this ‘pessimistic’ as mortgage rates creep above 7% — here’s what the experts say about the chances of a crash or rebound
Homebuyers and sellers have never been this ‘pessimistic’ as mortgage rates creep above 7% — here’s what the experts say about the chances of a crash or rebound Mortgage rates inched over 7% again fol...
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better The rate on America’s most popular home loan has topped 7% for the first tim...
Mortgage demand from homebuyers is nearly half what it was in 2021
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...
While rising mortgage rates have some homebuyers giving up, others think they’ve found a workaround
‘The numbers just don’t work’: While rising mortgage rates have some homebuyers giving up, others think they’ve found a workaround America’s most popular home loan got more expensive again this week, ...
As mortgage rates rise for a fifth week, it’s time for homebuyers to abandon their old assumptions
‘It hasn’t been normal’: As mortgage rates rise for a fifth week, it’s time for homebuyers to abandon their old assumptions U.S. mortgage rates surged by over a quarter-point this week, as policymaker...
As mortgage rates enter the ‘red zone,’ homebuyers find they can’t quite bully sellers hard enough to compensate
As mortgage rates enter the ‘red zone,’ homebuyers find they can’t quite bully sellers hard enough to compensate The average interest rate on America’s most popular home loan hit a 14-year high this w...
What the Zillow fiasco can teach homebuyers and sellers about property pricing
What the Zillow fiasco can teach homebuyers and sellers about property pricing If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to c...
Mortgage rates slink back down, but hordes of jittery homebuyers are still waiting on the sidelines
Mortgage rates slink back down, but hordes of jittery homebuyers are still waiting on the sidelines U.S. mortgage rates fell this week as inflation finally started to moderate, a new report shows. The...
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
US homebuyers are still backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Seller beware: US homebuyers are still backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate As a well-known inflation-proof asset, real est...
Homebuyers are backing out of more deals as recession fears linger
Rising costs and falling confidence in the U.S. economy are fast becoming a toxic cocktail for the housing market. As a result, a growing number of buyers are backing out of deals they’ve made w...
Mortgage rates jump back above 5%, but it’s not all bad news for homebuyers
‘A slight breather’: Mortgage rates jump back above 5%, but it’s not all bad news for homebuyers After falling below 5% for the first time in more than four months, the interest rate...
Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates
Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Re...
US home prices are finally starting to drop from record highs — here are the 2 key factors ‘taking a bite’ out of homebuyers right now
US home prices are finally starting to drop from record highs — here are the 2 key factors ‘taking a bite’ out of homebuyers right now When the price of an asset keeps going up, the fear of missing ou...
Xi Faces Surprise Revolt From Chinese Homebuyers on Mortgage Boycott
(Bloomberg) — Over the past few years, President Xi Jinping has reined in China’s biggest tech companies, stamped out democracy in Hong Kong and locked down 26 million people in Shanghai to elim...