The WPJ

Beverly Hills

Covid Driven Vacation Home Boom in America Now Ending in 2022

According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.

U.S. Home Sellers Beginning to Drop Asking Prices in 2022

Based on a new report from Redfin, a fast-growing share of U.S. home-sellers are dropping their prices, another sign that the early 2022 housing frenzy is starting to ease as mortgage rates approach 5%.

Minority Renters in U.S. Pay Higher Deposits, Application Fees

Based on new results from Zillow's Consumer Housing Trends Report show renters of color typically submit more applications -- and pay more in application fees -- before they secure a place to live than white renters do. Renters of color also typically pay a higher security deposit when they move in.

Mortgage Applications Dip in Mid March

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 11, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.

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