This homebuying season is expected to be extremely competitive, especially for first-time buyers who face the challenge of saving for a down payment. According to a 2024 Bankrate survey, nearly one-third of aspiring homeowners (30%) say it will take at least five years or longer to save enough money for a home, while 10% say it […]
A new report has revealed just how reluctant homeowners are to sell due to the attractiveness of their current mortgage rates. The April ICE Mortgage Monitor report found that, on average, a homeowner’s payment would more than double if they traded up to a home just 25% more expensive. “After American mortgage holders secured some […]