New data from Redfin's latest market report showed that homebuyers’ down payments doubled during the pandemic, and despite September revealing a slight decline from their peak in June, competition and increasing home prices continue to make it difficult for prospective buyers to afford homes.
Read More »Sharp Decrease in Demand Driving Housing Market Cooldown
While declining demand led to a nearly 20% decrease in new listing volumes in September, the volume of price drops is up 83.2% compared to the same time last year. Click through to learn more from HouseCanary's latest Market Pulse report.
Read More »Fidelity National Financial Appoints Ray Marine, Don Dubois to Western Ops Co-presidents
"We are extremely fortunate to have such a strong legacy of leadership within our companies and exceptional individuals that we can call upon to lead our title operations for years to come," said Mike Nolan, CEO of Fidelity National Financial.
Read More »Increased Cost of Homeownership Dampening Buyer Demand
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest ...
Read More »Wells Fargo Contributes $1M in Hurricane Relief for Florida
Wells Fargo has announced their donation of $1 million from the Wells Fargo Foundation to aid four statewide organizations providing urgent relief in Florida following the aftermath of ...
Read More »Sellers’ Market Remains Firm, Leaving Buyers More Options
The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, ...
Read More »Rent Growth Moderates for Third Consecutive Month
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent ...
Read More »Average Homebuyer’s Mortgage Payment Up 15% Since August
The typical homebuyer’s monthly mortgage payment has climbed $337 —or 15%— over the past six weeks to a new high of $2,547, according to a new report from ...
Read More »ALTA Reports Slip in Title Premium Volume During Q2
The title insurance industry generated an overall $6.21 billion in title insurance premiums during the second quarter of 2022 compared to $6.54 billion during the same period a year ago, according ...
Read More »HUD and Census Bureau Unveil Latest American Housing Survey
The American Housing Survey covers a wide range of housing topics, offering insight into the composition and quality of the nation's housing stock, rents, mortgages, and other housing costs. HUD and the Census Bureau discuss further details here.
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