According to a new market analysis from ATTOM, lenders issued 660,767 residential refinance mortgages in Q3 of 2022, marking the smallest count recorded since Q1 of 2019, down 31% from Q2 of 2022.
Read More »Home Unaffordability Expected to Persist, Even as Prices Fall
According to a new LendingTree study, although home prices are starting to come down in many parts of the country, housing will likely remain out of reach for most buyers looking to purchase a home.
Read More »Homebuyer Income Needed to Purchase Up 46% From 2021
A new Redfin analysis revealed homebuyers nationwide must earn even more money than they did a year ago in order to purchase a typical U.S. home.
Read More »Examining Q3 Opportunity Zone Trends
Nearly 60% of all Opportunity Zones performed better than the national market according to ATTOM's Q3 2022 report, while values are up an estimated 15% year-over-year in nearly half of the zones analyzed.
Read More »Going Smaller to Save: Study Reveals Best Metros for Downsizing
According to a new analysis from StorageCafe, homeowners nationwide can save nearly $200K from downsizing from a four-bedroom single-family property to a two-bedroom home.
Read More »Will Slowing Inflation Bring Down Mortgage Rates Immediately?
The latest report from Redfin revealed inflation has begun to slow, which is helping moderate mortgage rates. However, experts predict that a longer trend of lower inflation is needed for sustained nationwide rate relief.
Read More »Home Showings Decline But Remain Above Pre-Pandemic Levels
According to the latest market report from ShowingTime, homebuyer foot traffic and in-person showings decreased from September, as rising rates and inventory challenges continue to discourage buyers from purchasing a home.
Read More »Rising Rates, Home Prices Reduce Housing Affordability in Q3
Affordability continued to hamper first-time buyers looking to purchase a home during Q3. A new report revealed single-family existing-home sales prices grew in nearly every metro analyzed, with the national median home price climbing nearly 9% from 2021.
Read More »Lenders React to Rate Hikes, Decreasing Demand
According to a new report by J.D. Power, mortgage lenders are struggling to stand out as demand continues to plummet and rates increase, resulting in higher customer expectations and increased competition.
Read More »Location, Location, Location: Here’s Where Homebuyers Are Moving
According to a new market report from TransUnion, Texas has the highest percentage of residents looking to move within state lines. Click through to learn more, including the number-one migration destination for those looking to move out-of-state.
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