The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living
More
The FINANCIAL — The presidential election is over. Major media on all sides of the political spectrum agree that Joe Biden and Kamala Harris have won. No doubt there will be skirmishes ahead, but like Yorktown and Appomattox it’s time to move
More
The FINANCIAL — In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That
More
The FINANCIAL — Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow’s Weekly Market Report. Sales remain high above last year and are expected to stay
More
The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners
More
The FINANCIAL — Mortgage rates sharply fell this week reaching a new record low. Following the trend of the 10-year Treasury yield, the 30-year fixed-rate mortgage dropped to average 2.81% this week from 2.87% the prior week. During the pandemic, many Gen
More