WRE News July 3, 2024
Buyer
The majority of Americans are either unwilling or uncertain about moving out of their homes, according to new data published by the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB).
The data, which was collected through the National Survey of Mortgage Originations, found 50% of respondents said they were unwilling to move, while 20% were unsure about moving. On the flip side, 25% of survey respondents said they were willing and able to move and 5% were willing but unable to move.
As for the survey respondents who were looking for new residences, 70% said they were very satisfied with their property appraisal and 23% reported being somewhat satisfied. Only 6% said they were not at all satisfied with their appraisals.
“This year’s survey provides new insights into appraisal satisfaction and willingness to move for borrowers with new mortgages,” said Jason Brown, CFPB assistant director for research. “With the release of the public use file, we invite researchers to help us understand the challenges facing consumers and help us to find ways to improve the market for consumers.”
Stay up to date on the latest real estate trends.
December 1, 2024
Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC).
December 1, 2024
With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait?
December 1, 2024
Painting is one of those home improvement tasks that people either love or despise.
November 30, 2024
Though there was already plenty for Allison Hope Kahn to like about working at Mastercard, it was the afternoon she and her colleagues spent volunteering at a nature p… Read more
November 30, 2024
Located on the beautiful coastline of the Gulf of California, Loreto is a year-round playground for fishing, surfing and boating.
November 30, 2024
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today