For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their ...
Read More »Higher Interest Rates Spell Disaster for Racial Housing Gaps
According to Urban Institute authors Michael Neal and Daniel Pang, the current environment of rising interest rates has important implications for the wealth gap between white and Black ...
Read More »New Mortgage Payments Up $800 YoY
It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if ...
Read More »15-Year Mortgages Remain Bargain Compared to Other Options
Mortgages rates, topping 5.6% for the first time in over a decade, have fluctuated significantly over the past few months but are now significantly higher than they were ...
Read More »All Regions Report Home Price Appreciation, But Is It Sustainable?
According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for ...
Read More »Home Affordability Hits Another Low in Q2
While many in the housing market are predicting a shift in power to buyers' favor, that switch may not be coming anytime soon to according to a recent ...
Read More »The Average Homeowner Gained $60k in Equity YoY
Home equity hit a new high in the second quarter according to CoreLogic, as homeowners with mortgages gained a collective $3.6 billion year-over-year over the course of a ...
Read More »New Home Listings Down Nearly 30% YoY
HouseCanary, Inc. has released its latest monthly Market Pulse report, covering 22 listing-derived metrics and comparing data between August 2021 and August 2022, which found that the housing market ...
Read More »Consumers Continue to Express Pessimism About Homebuying Conditions
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, the sixth consecutive monthly decline of the index, according to their latest report. Surveyed consumers ...
Read More »Home Price Growth Takes a ‘Decisive Turn’
The latest iteration of CoreLogic’s Home Price Index (HPI) for July 2022 showed the annual home price growth rate slowed for the third consecutive month in July yet ...
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