REI INK

17% of Homeowners With Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade

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The lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the housing shortage. Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up nearly five

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Jason Biegel Joins the Fay Group as President of Capital Markets Group

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Industry veteran brings over 30 years of expertise in structured finance and residential mortgages The Fay Group, a family of companies providing products, services and strategies in the mortgage and real estate sectors, has appointed Jason Biegel president of its capital markets group. With over three decades of experience in the residential mortgage and financial services industries, Biegel brings a wealth of expertise in structured finance, capital markets, and leadership to the

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OWNING A HOME MORE AFFORDABLE THAN RENTING ACROSS U.S. BUT BOTH STILL POSE SIGNIFICANT BURDENS

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Home-Ownership Expenses Consume Smaller Portion of Wages Than Three-Bedroom Rents in Majority of Local Markets; Owning Still More Favorable Despite Home Prices Rising Faster Than Rents; Both Options Remain a Financial Stretch for Average Workers Around Nation ATTOM, a leading curator of land, property data, and real estate analytics, released its 2025 Rental Affordability Report, which shows that owning a home in the United States is more affordable than renting a three-bedroom property

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Redfin Reports The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years.

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There are more than five months of supply on the market, the most since early 2019. Homes are taking a long time to sell largely because housing costs are so expensive–but for buyers who can afford it, there are a fair amount of homes to choose from. Homes are selling at their slowest pace since the start of the pandemic as mortgage rates and home prices remain elevated, according to

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The New Year Brings More Inventory to the Market

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Despite recent increases in mortgage rates, January showed a promising change in seller activity as newly listed homes grew 37.5% month-over-month, according to the Realtor.com® January Monthly Housing Report. Out of the top 50 metros, Sacramento (+31.7%), Phoenix (+27.3%), and Seattle (+24.7%) experienced the greatest bumps in newly listed homes this January compared with the same time last year. “The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and

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HOME EQUITY HOLDS STEADY AROUND U.S. DURING FOURTH QUARTER AS HOUSING MARKET REMAINS STRONG

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Equity-Rich Portion of Home Mortgages Dips Slightly, but Nearly 95 Percent of Homeowners Continue to Have Property Wealth Built Up; Portion of Owners Seriously Underwater Stays Near Six-Year Low; Equity Measures Largely Unchanged as Home Prices Inch Upward ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth quarter 2024 U.S. Home Equity & Underwater Report, which shows that 47.7 percent of mortgaged residential properties in the United

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