As Americans continue to be confused by the storm of seemingly contradictory news, data, and forecasts on the housing market’s future, consumers are still witnessing record monthly price ...
Read More »Home Price Appreciation Projected to Slow by May 2023
New research from CoreLogic revealed year-over-year home price growth dropped slightly from April but still posted an estimated 20% increase in May. Meanwhile, experts project annual U.S. home price appreciation to slow next year, but by how much?
Read More »Wells Fargo Donates $40M in Efforts to Grow Diverse Housing Developers
The estimated $175 billion U.S. housing development market is known for high barriers to entry, as data shows real estate developers of color make up less than 5% ...
Read More »Rising Rates Make Homeownership Unaffordable in Most of U.S.
ATTOM has released its Q2 2022 U.S. Home Affordability Report, showing that median-priced single-family homes and condos are less affordable in Q2 of 2022 compared to historical averages ...
Read More »Affordability Plummets in All Regions
Real house prices increased 45.6% between April 2021 and 2022, while consumer house-buying power, decreased 8.75% between March 2022 and April 2022.
Read More »Mortgage Lenders Adapt to Reality of Market
New data from the STRATMOR Group Technology Insight Study on Digital Innovations reveals that adoption and engagement numbers are low, amid an unstable market and rising rates.
Read More »ARMs Offer Largest Savings Since 2015
As mortgage rates surge at their fastest pace in decades, a new Redfin study revealed that homebuyers could save more than $15k over five years by taking out an adjustable-rate mortgage rather than a typical 30-year fixed-rate mortgage.
Read More »Miami Tops Most Competitive Rental Markets
While competition in the Northeast intensifies, according to new data from RentCafe, Miami-Dade County stands as the nation’s most competitive apartment market in 2022.
Read More »YoY Mortgage Contract Activity Slips in Major Regions
While the housing market remains unbalanced nationwide, with demand far outpacing supply, contract signings are down significantly from a year ago due to inflated mortgage rates.
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
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