The Home Purchase Sentiment Index published monthly by Fannie Mae reported yet another increase to its highest level since May 2022, mainly due to greater consumer optimism about mortgage rates.
Read More »Energy-Efficient Homes More Desirable Than Others
A majority (63%) of agents and brokers said promoting energy efficiency in listings is a valuable tactic to sell a home.
Read More »30-Year Mortgage Stands at 6.39%
According to new research from Redfin, the historic drop in active listings due to the “lock-in” effect is bringing back the pandemic trend of bidding wars as homeseekers compete for a shrinking share of homes.
Read More »Higher Home Prices and Increasing Rates Causing Problems for Buyers
The “lock-in” effect is in full swing as the lack of sellers is impacting not just inventory but affordability as well.
Read More »Industry Reaction: Fed Once Again Hikes Interest Rates
For the tenth time, the Federal Reserve raised the nominal interest rate—this time by 25 basis points. Click through for comments from the Fed and other industry leaders.
Read More »Western States Experience Glut of Home Price Declines
A total of 10 states saw annual home price growth decline from one year ago, most of them in the West.
Read More »Down Payment Resource Programs Grow Nationwide
“The increase in down payment assistance for several consecutive quarters represents growing opportunities for homebuyers that have been traditionally underserved,” said DPR Founder and CEO Rob Chrane.
Read More »JPMorgan Chase Bails Out First Republic, Averting Another Crisis
“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
Read More »Rising Rent Leaving Renters Little to Work With
“Falling incomes and rising rents during the pandemic eroded affordability once again, leaving renter households with less residual income,” the JCHS said.
Read More »Lack of Inventory Holding Back Sales
Potential home sales decreased on a monthly and yearly basis, due in part to low inventory. Click through to find out how that affects future sales.
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