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This Hot Housing Market is Moving Towards a Cool Down Period

This Hot Housing Market is Moving Towards a Cool Down Period
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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The marriage that will last | Mortgage Introducer

Bob Hunt is chief executive of Paradigm Mortgage Services
Marrying up the huge benefits of quality technology with the principles of quality advice has always presented certain housing market-facing businesses with a challenge.
For some however, there is no challenge, or dare I say it, consideration of how borrowers access their mortgage products and the advice they feel is absolutely imperative to that decision.
Instead for them, the market is a direct-to-consumer one, or if it’s not at the moment then it surely will be in the future?
I read a recent survey which suggested more than 80% of consumers said they would prefer a fully online mortgage application process. ....

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The tiny-home movement: Cheap alternatives to home ownership

Priced out of the property market, first-time buyers are opting for cheap and cheerful alternatives to home ownership.
Narrowboats, campervans and even self-built cabins are among the wacky vessels that increasing numbers of young people are calling home.
Just one search of #tinyhome on Instagram reveals reams of colourful pictures of boats and vans - fully renovated and decked out with stylish interiors.
Priced out: Data from Savills shows that in 2019 first-time buyers were behind 51 per cent of house purchases. But by December 2020 this figure had fallen to 46 per cent
While it may seem drastic, the tiny-home movement shows how desperate young people are to escape the merciless renting cycle. ....

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Arch MI's Spring HaMMR Predicts "Slow Return to Long-Term Average Levels of Affordability" in 2021

Press release content from Business Wire. The AP news staff was not involved in its creation.
Arch MI’s Spring HaMMR Predicts “Slow Return to Long-Term Average Levels of Affordability” in 2021
April 8, 2021 GMT
GREENSBORO, N.C. (BUSINESS WIRE) Apr 8, 2021
While 2020’s final housing figures confirm it was a year of high demand and record-low inventory, 2021 is likely to mark a return to more normal levels of home-price growth, according to the Spring edition of
The Housing and Mortgage Market Review (HaMMR), released today by Arch Mortgage Insurance Company (Arch MI), a leading provider of mortgage insurance.
Rates are expected to continue to rise, while the unprecedented demand for housing driven by COVID-19 will probably decline over the year. ....

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Average property prices rise marginally between February and March

The average price of a property coming on to the market has risen by 0.8% or £2,484, between February and March according to the latest Rightmove House Price Index. ....

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