The MBA's Mortgage Credit Availability Index revealed that August's share of mortgage credit availability was on the upswing after a decrease in July, which resulted in the lowest level of credit availability recorded since 2013.
Read More »Renting vs. Buying: Examining the Cost of Homeownership
Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.
Read More »Florida Markets Remained Fairly Competitive During Peak Rental Season
Rental market competition was moderate this summer compared to last year, according to a new RentCafe study, with Miami named the most competitive rental market during peak moving season, while two other Florida markets also topped the top 10 list.
Read More »Housing Premiums, Home Prices Tick Up From July
Housing premiums have risen in seven of the top 10 hottest housing markets in the country amid concerns that the real estate market is taking off again after years of record price growth, according to July data from the Florida Atlantic University's Top 100 U.S. Housing Markets report.
Read More »Homeowners Nationwide Experience Decline in Equity
Since Q2 of 2022, homeowners with mortgages have seen their total equity decline by a total of $287.6 billion, representing a loss of 1.7% year-over-year, according to a new CoreLogic analysis.
Read More »Q2 Housing Affordability Down Across Large U.S. Metros
Even the most affordable metro areas analyzed in NerdWallet's latest Q2 housing activity report experienced price increases that decreased overall affordability, as rising home prices and high interest rates continue to make the homebuying process even more difficult for potential first-time buyers.
Read More »Rising Home Prices Fueled by Ongoing Supply Shortage
Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.
Read More »San Francisco Homeowners Most Likely to Lose Money When Selling
Due to a plunge in home prices in the popular Bay Area metro, San Francisco homeowners were most likely to lose money when selling their home. According to a new Redfin report, the typical San Franciscan seller who took a loss sold their home for $100,000 less than they bought it for.
Read More »Examining Aging Homes Across the U.S.
A new study from All Star Home found more than 1 in 5 homeowners regret purchasing/owning an older home, having spent an average of $10,700 on repairs over the last five years.
Read More »Mortgage Rates Soar to 22-Year High
While economic uncertainties remain a struggle for many Americans, rate hikes continued to slow overall housing market activity in August as mortgage rates reached their highest in over two decades, according to HouseCanary's Market Pulse report.
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