Commentary

A total of 10 states saw annual home price growth decline from one year ago, most of them in the West.

“Falling incomes and rising rents during the pandemic eroded affordability once again, leaving renter households with less residual income,” the JCHS said.

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.

Boosting curb appeal is a benefit to homeowners’ pocketbooks and well-being. A new study breaks down the data.

FHFA Director Sandra L. Thompson has issued a new statement addressing recent misconceptions about mortgage pricing. Click through to read her comments on the issue.

“The National Composite, which had declined for seven consecutive months, rose a modest 0.2% in February, and now stands 4.9% below its June 2022 peak,” said Craig J. Lazzara, Managing Director at S&P Dow Jones.

“Unsurprisingly, consumers also expressed apprehension about the direction of home prices,” said Mark Palim, Fannie Mae VP and Deputy Chief Economist.

“The spring season is typically the busiest time of the year for the housing market,” said Mark Fleming, Chief Economist at First American.

Black Knight forecasts that the annual growth rate is expected to fall below zero percent nationwide by April.

“The collapse of three banks in March coupled with additional rate hikes from the Fed could have significant implications for mortgage rates heading into the spring buying season,” said Jeremy Sicklick.