“The ongoing affordability hit of higher home prices and fast-rising mortgage rates led to a slowdown in purchase applications in May,” said Edward Seiler, the MBA's Associate VP.
Read More »Will 2022 Break as Many Housing Records as 2021?
The record-breaking year that was 2021 seems to be a one-off performance, as the 2022 market is experiencing the upward creep of mortgage rates compounded with record-high prices, which is only adding to affordability issues.
Read More »Sign of the Times: Buying a Home Sight-Unseen
More homeseekers are buying their homes sight-unseen, with current market conditions leaving buyers with few other options.
Read More »Average New Home Size Drops to 2,480-Square Feet
The size of the average American starter home has been consistently decreasing, falling to just under approximately 2,500-square feet.
Read More »Fannie Mae Predicts Lower Home Sales, Originations in 2022-2023
“Tightening financial conditions are slowing economic activity, and consumers are drawing down savings and increasingly relying on credit cards as they seek to maintain current levels of consumption,” said Fannie Mae Chief Economist Doug Duncan.
Read More »Appraisal Logistics Names New SVP of Sales
Anthony Savala joins Appraisal Logistics as its new sales executive and will focus on finding new clients for both its appraisal management companies and appraisal management arms.
Read More »Real Estate Talent Study: Finding Recruiting Success in Creative Ways
With no sign of the talent markets normalizing anytime soon, having a pulse on trends and ways to differentiate your firm is critical. Click through to learn the takeaways from a new SitusAMC report.
Read More »Fed Makes Historic Rate Hike to Combat Inflation
Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of ...
Read More »Summer Busy Season? Not So Fast
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the ...
Read More »Cause and Effect: Budgets Flatten as Rates Rise
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information ...
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