Home price drops, vacation rental amenities, and more.

Published May 11, 2022
by Better

Home price drops, vacation rental amenities, and more

Here’s a look at the latest developments in the mortgage market this week.

Cities with big price drops

According to a new report from Realtor.com, home prices have actually started to see some big drops in a handful of big cities. The top 10 list includes Toledo, Pittsburgh, Los Angeles, Chicago, and Richmond.

5.11 Infographic 800px

Median price declines in the 12 months through March.

So if you have some flexibility in your house hunt and you’re looking for a new home that’s below the national median price of $405,000, this list has some great options.

Top amenities if you’re planning to rent your vacation home

"Illustration of key in hand with lightbulbs

If you’re planning on renting out your vacation home this summer, Vrbo reports that 48% of families are willing to spend more on nicer accommodations.

A recent survey found that Wi-Fi, streaming subscriptions, and smart TVs rank above amenities like bedding and cookware. from As more people work from the road, a reliable internet connection is a non-negotiable that renters are willing to pay more for, especially in remote areas.

Other important amenities include dishwashers, microwaves, and parent-friendly items like high-chairs and playpens.

Looking to buy a vacation home or investment property this summer?

Quote from Better Mortgage Loan Consultant Associate

A breezy upgrade with big ROI

Upgrading your home’s windows is a smart investment. It helps make your home more energy efficient, and will potentially lower your heating and cooling bills.

Most homeowners may put a new kitchen or updated bathroom higher on the to-do list, but new windows generally receive a 100 percent ROI.

Looking for a way to put your equity to work? A cash-out refinance could help you get started on some of those renovations.

Considering a home loan?

Get your custom rates in minutes with Better Mortgage. Their team is here to keep you informed and on track from pre-approval to closing.

See your rates with Better Mortgage

Interested in more?

Sign up to stay up to date with the latest mortgage news, rates, and promos.

I'm buying a home

I'm refinancing