A new report from Zillow has found that more couples are turning to wedding registries for assistance in buying their first home in lieu of traditional wedding gifts. Read on for details on how many newlyweds are getting creative in their pursuit of homeownership funds.
Read More »Median Existing-Home Sales Price Continues to Rise
Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.
Read More »Mortgage Rates Push Closer to the 8% Mark
“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.
Read More »New Home Purchase Mortgage Apps Increased in September
As record-high mortgage rates continue to hinder potential homebuyers nationwide, new home purchase activity weakened in September, according to the MBA's Builder Application Survey.
Read More »Home Prices Up in Nearly Three-Quarters of the U.S.
As home seller profits continue to rise, profit margins on typical home sales also increased nationwide, while the median U.S. home price surged to a new all-time high in Q3, according to ATTOM's 2023 U.S. Home Sales Report. Read the latest to find out why “any predictions of an extended market fallback may have been premature.”
Read More »FHFA Publishes New UAD Appraisal-Level Public Use File
FHFA Director Sandra L. Thompson noted, "Today's announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing finance."
Read More »Homeowners Reveal Frightening Facts as Halloween Approaches
While U.S. mortgage rates sit at an all-time high, a new report from Real Estate Witch revealed that while Americans grapple with housing affordability, an estimated 63% of homebuyers would offer below-market value for a haunted home. Click here to see more.
Read More »It’s the 80s Again: Market Closely Resembles That of 40 Years Ago
“The average 30-year, fixed mortgage rate trended upward throughout September, approaching 8% in early October. Higher mortgage rates have a dual impact on the housing market–reducing affordability for buyers and strengthening the rate lock-in effect for potential sellers,” said Mark Fleming, Chief Economist at First American.
Read More »Mortgage Apps Dip to Levels Last Recorded in 1995
As mortgage rates drive upward for the sixth consecutive week, overall application volume fell after a week of rebounding, falling to levels last seen 28 years ago.
Read More »Study Examines How Many U.S. Renters Remain Cost-Burdened
While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.
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