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The sharp hike in mortgage interest rates continues to reduce the volume of loan originations in the Winston-Salem area, according to a report released Thursday by national real-estate research firm
/PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2022 U.S. Residential Property Mortgage...
Purchase and refinance mortgages continued their slide as total origination volume was $475.5 billion during the final months of 2022, down 56% from the end of 2021.
U.S. home buyers are increasingly paying in cash.
The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, retreated, according to data from real estate data analytics firm Attom. That suggests more regular buyers turned to self funding to dodge punishing mortgage rates.