Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Higher mortgage rates are thinning the purchase pipeline, even as lower asking prices and reduced competition give borrowers still in the market more leverage.Seasonally adjusted U.S. pending home sales totaled 322,739 during the four weeks ending July 26, their lowest level...
Younger teachers, health care workers, first responders, and military households can afford median-priced homes in only a fraction of major metros
Stable employment is no longer enough to put homeownership within reach for many teachers, health care workers, first responders, and military families, particularly younger and single-income buyers.A Homes for Heroes analysis found that established households in those profe...
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