Though high mortgage rates and economic inflation are discouraging many Americans from moving, among the people who are still buying homes, one in four are searching outside of their hometown in relatively affordable areas and hotspots like Las Vegas and Florida.
Read More »Mortgage Rate Declines May Lead to Home-Sale Recovery in 2023
“Slowing inflation and the hope of the Fed easing rate hikes in the new year are likely to bring mortgage rates down further and thereby improve homebuying demand,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »How Many Renters Are Renewing Their Leases?
A new study from RentCafe breaks down that information and examines where the nation’s most competitive rental markets can be found.
Read More »Dreaming of a White Christmas? That’ll Cost You
The latest analysis from LendingTree revealed that homes in snow-heavy states cost nearly $57,000 more than those that see fewer winter flurries, but many homebuyers are willing to pay.
Read More »Programs Working to Narrow Racial Homeownership Gaps
A Harvard University study revealed people of color are far less likely to own their homes than whites nationwide, as newly established special purpose credit programs aim to address policies and practices that have restricted homeownership by Black, Indigenous, and other minority households.
Read More »FHFA, CFPB Showcase National Survey of Mortgage Originations Data
The FHFA and CFPB have released updated data from the National Survey of Mortgage Originations for public use, highlighting borrowers' experiences throughout the pandemic.
Read More »Declining Rates Reel Homebuyers Back In
According to a new report from Redfin, the Homebuyer Demand Index revealed declining rates have lured some homebuyers back into the housing market, with the typical home’s time on market rising at its fastest annual pace on record.
Read More »Experts: Homebuying Costs Won’t Come Down in 2023
According to Realtor.com's 2023 Housing Forecast, homebuyers won't find increased affordability in the coming year, as home prices aren't projected to decline nationwide amid the volatile market and rising mortgage rates.
Read More »HUD, Census Bureau Release 2021 Rental Housing Finance Survey
As housing availability scales up and down, new data from 2021 Rental Housing Finance Survey found that nearly 50% of rental units are in properties with four or fewer units. Meanwhile, an estimated 86% of all rental properties contain only one rental unit.
Read More »Study Finds Borrowers Favor Appraisal Experience Over Cost
According to the latest study from Regorra, data found that significantly more borrowers prioritize quick, quality reports over the cost of the appraisal.
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