According to new research by the Mortgage Bankers Association's Research Institute for Housing America, more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners.
In the wake of the Supreme Court ruling to overturn Roe v. Wade last week, a portion of U.S. citizens could potentially change where they want to live.
National property broker Redfin is reporting that U.S. homebuyer demand pulled back further as mortgage rates reached their highest level in over 13 years.
Based on a new report by national property broker Redfin, consumer demand for U.S. vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May 2022.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 24, 2022, U.S. mortgage applications increased 0.7 percent from one week earlier. This week's results include an adjustment for the observance of the Juneteenth holiday.