Average Time to Close: 45 Days
The average time to close on a purchase loan inched up slightly last month.
Steady Rent Payments Invisible to Lenders
However, several bills are in the works that would expand an existing pilot which factors in non-traditional criteria like rent payments in their credit modeling.
Buyers Gaining Upper Hand in Luxury Market
The inventory of high-end homes is rising, which means buyers may be able to score more bargains.
Avoid Buyer Remorse From Commuting Woes
When helping your clients weigh the pros and cons of a home, make sure to include information about commuting time.
Latest Trend in Senior Housing: Roommates
As housing prices climb, seniors looking to save are on the lookout for a roomie.
Mortgage Applications Drop Despite Low Rates
Mortgage rates sank to the lowest point since the start of 2015 but that still wasn’t enough incentive to get home buyers moving last week.
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