According to Zillow, metros in the Midwest and Northeast experienced the highest increases in home values nationwide, but while all major U.S. markets’ home values inched upward from June to July, nearly half remain down from last year’s levels.
Read More »Preserving Home Values Nationwide
An upcoming webinar presented by the Five Star Institute and Brookstone Management will examine the responsibilities of home preservation experts in combating blight, returning foreclosed properties to the market, and protecting property values.
Read More »Gen Zers Finding More Credit Product Availability
The Q2 2023 TransUnion Credit Industry Insights Report reveals the latest credit trends as lenders have begun to tighten underwriting. Some 50% of Gen Zers surveyed say they plan to apply for new credit or refinance existing credit within the next year.
Read More »Which Markets Defied Q2’s Home Price Bump?
"Just like the weather, large local market variations exist despite the minor change in the national home price," NAR Chief Economist Lawrence Yun said.
Read More »Rents ‘Flattening Out’ in Face of Cooling Inflation, Consumer Spending
According to a new report from Redfin, only Western regions are experiencing a drop in asking rents, which are continuing to cool after surging nearly 20% last year.
Read More »Mortgage Rates Continue to Climb, Edge Closer to 7% Mark
Freddie Mac Chief Economist Sam Khater points out that "upward pressure on rates is the product of a resilient economy with low unemployment and strong wage growth, which historically has kept purchase demand solid.”
Read More »Rate Shopping Could Net Tens of Thousands in Savings
LendingTree found that shopping around for a mortgage could help borrowers across the nation’s largest metros save an average of $84,301 over the lifetime of their loans.
Read More »Amid Record-High Premiums, Home Insurance Markets Face Unprecedented Carrier Exits
“The increasing severity of natural disasters and the rising cost of construction is forcing mass-market carriers to reassess their growth strategies and put expansion on hold,” said Ben Madick, CEO and Co-Founder of Matic Insurance.
Read More »Homebuying Remains a Mystery for Many Americans
According to a new study from Real Estate Witch, 60% of surveyed Americans underestimate nationwide home prices, with only 1 in 7 knowing that the current median home price falls between $400,000 and $499,000.
Read More »Mortgage App Volume Falls for Third Consecutive Week
With mortgage rates surpassing the 7% mark, the MBA reports yet another dip in weekly purchase and refi apps as homebuyers struggle in the face of a depleted housing supply and elevated mortgage rates.
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