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
According to the June Insights Report from mortgage advisory firm STRATMOR Group, as mortgage lenders adapt to the reality of a vastly changed market focused on purchase loans, ...
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 ...
Read More »How Cosmetic Factors Affect Home Selling Points
A statement-making front door can boost a home's curb appeal and its value according to new research from Zillow, finding that homes with slate blue or black front ...
Read More »Examining Factors Driving the Current and Future Rental Market
Out-of-state applicants for rental properties increased 42% from 2020 to 2021, according to a new data analysis from TransUnion. In that same period, rental applications in rural areas ...
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