Mortgage applications slightly increased 0.2% for the week ending Nov. 21, according to the Mortgage Bankers Association (MBA). It’s a tick up from a week ago when new home loan demand decreased 5.2%. Meanwhile, the refinance share of mortgage activity decreased to 53.4% of total applications from 55.4% the previous week. The adjustable-rate mortgage (ARM) … Read more
Among major metro areas, first-time homebuyers hold the biggest advantage over investors in Denver, where strict rules on short-term rentals limit the upside for speculative buyers, according to a new analysis. Nationally, first-time buyers accounted for about 69% of all starter-home purchases last year, while investors snapped up 31% of the properties, the analysis from … Read more
The demand for home loans decreased 5.2% for the week ending Nov. 14, according to the Mortgage Bankers Association (MBA). That’s a dip from the week prior when applications registered a 6% increase. The decline comes on the heels of mortgage interest rates ticking up to 6.24% for the week ending Nov. 14, according to … Read more
Dotted along Pebble Beach’s legendary 17-Mile Drive are a handful of extraordinary homes that all boast spectacular ocean vistas. Yet few can claim to top the views enjoyed by the residents of one newly listed mansion, which overlooks not just the water—but one of California’s most iconic golf courses. The Spanish-style property, which is on … Read more
A couple of weeks ago, a Cape Cod cottage on an eroding bluff and perched just shy of collapsing into the Atlantic Ocean made headlines when it hit the market for just $239,000. While that residence is currently pending sale, an adjacent property has also just hit the market—this one for the extraordinary asking price … Read more