While sizes of both residential lots and houses have continued on a downward slope during the last decade, a new report from StorageCafe revealed the South reigns supreme for larger spaces, as seven southern cities made the top 10 hotspots for spacious living.
Read More »Share of Homes Valued over $1M Shrinks YoY
“In most of the country, expensive properties that are in good condition and priced fairly are attracting buyers and in some cases bidding wars, mostly because for-sale signs are few and far between right now,” said Redfin Economics Research Lead Chen Zhao.
Read More »Has the Gap in Appraisal Valuations Decreased?
Appraisal valuation gaps may persist between white and minority population tracts, but new research from the FHFA has found a reduction in that gap following actions by stakeholders and federal, state, and local agencies.
Read More »Home Values Climbed in Nearly All Major Markets From June to July
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.
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