During a quarter of difficult buying conditions, Down Payment Resource’s Q2 2022 HPI report shows sufficient growth in homebuying assistance programs for the third consecutive quarter, despite economic conditions limiting available funding.
Read More »Renting Remains Most Affordable Option in Major Metros
In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.
Read More »Fannie Mae Predicts Recession Conditions in Early 2023
The research arm of Fannie Mae has moved its recession prediction from the second to the first quarter of 2023. Here are insights from Chief Economist Doug Duncan.
Read More »Budgets Remain Constrained for Buyers
Housing-market competition is declining rapidly due to higher mortgage rates and home prices, amid inflation and a falling stock market, causing many house hunters to drop out of the market completely.
Read More »Younger Homeowners More Likely to Make Green Home Improvements
According to the latest Fannie Mae National Housing Survey, roughly half of homeowners aged 18-34 would be interested in making energy-efficiency improvements such as installing solar panels, while the share of these figures was much higher than the average level of interest across the general population of homeowners.
Read More »Mortgage Application Activity Falls to 22-Year Low
Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.
Read More »The Median Home Now Costs a Record $416,000
The National Association of Realtors’ latest Existing Home Sales Report shows that home prices have now increased for 124 consecutive months.
Read More »Affordability Challenges Mount as Market Rebalancing Accelerates
Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019, while affordability challenges continue to persist for buyers, especially in expensive markets.
Read More »Purchase Mortgage Apps for New Homes Slip in June
Recent Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2022 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago. ...
Read More »Is There a Link Between Inflation and Migration?
According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.
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