Redfin Reports The Typical Homebuyer’s Down Payment is a Record $67,500, Up 15% From a Year Ago

Nearly 3 in 5 homebuyers put down more than 10% of the purchase price, one of the highest shares on record The typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the 12th consecutive month the median down payment rose year over year. The nearly-15%

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Affordable renter-friendly home improvements that add value

Zillow and Thumbtack data reveals the projects that personalize a rental for less than $1,000  Millennials and Gen Z adults priced out of homeownership are renting for longer, prompting many to seek out ways to personalize their not-so-temporary space. New data from Zillow and Thumbtack finds there are affordable, nonpermanent upgrades that allow renters to make their space their own and add value for their landlord.  Certain home features can contribute to more

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ICE First Look at Mortgage Performance: Delinquencies improved in July despite Hurricane Beryl’s impact on Houston homeowners

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at July 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of July 31, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.37% Month-over-month change: -3.46% Year-over-year change: 4.80%   Total U.S. foreclosure

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Sluggish Home Sales Expected as Consumers Hold Out for Improved Affordability

Despite Recent Decline in Mortgage Rates, Existing Home Sales Likely to Remain Weak Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the August 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group notes that purchase mortgage applications

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ZOMBIE FORECLOSURE RATE CONTINUES TO DECLINE IN THIRD QUARTER OF 2024, MARKING LOWEST LEVEL SINCE 2021

Abandoned Homes in Foreclosure Down 20 Percent Annually;  Only One in 14,800 U.S. Homes Sit Empty in Foreclosure, Matching Three-Year Low;  Zombie-Property Trends Come Amid Decline in Lenders Going After Delinquent Homeowners ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2024 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,357,423) residential properties in the United States are vacant. That figure represents 1.3 percent, or one

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Redfin Reports U.S. Home Prices Tick Up 0.2% for the Second Month in a Row

Home prices grew 0.2% in July—equal to the slowest pace since January 2023—with more than 40% of the most populous U.S. metros recording a drop in home prices U.S. home prices ticked up 0.2% for the second-consecutive month in July, on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s equal to the smallest month over month increase since January 2023. On a

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