According to the MBA’s Builder Application Survey, new home purchases applications decreased in January, although applications remain 42% higher compared to 2022’s totals.
Read More »Existing-Home Sales Fall for 12th Straight Month
Existing-home sales have declined 0.7% month-over-month from December 2022, and 36.9% year-over-year, as the median existing-home sales price rose 1.3% from one year ago to $359,000.
Read More »Declining Incomes, Rising Costs Put Pressure on Homeowners
According to newly-released Census Bureau data, more homeowners and renters than ever are cost-burdened, paying more than 30% of their monthly income on rent.
Read More »Five Star Webinar Spotlight: Vendor Partnerships, Subservicing & More
The Five Star Webinar Series' on-demand library has dozens of hours of content tackling all aspects of the mortgage and housing industries. Click through for a quick look at everything you'll find in the archives.
Read More »Market Forecast Calls for Possible Jump in Foreclosure Auction Volume
According to a new report from Auction.com, experts predict a possible 24% increase in foreclosure auction volume in 2023, while demand for distressed properties continued to shift lower in the last three quarters of 2022.
Read More »Tumultuous 2022 May Lead to Stable 2023
Since the pandemic, the housing market has been tumultuous, to put it lightly. In a new blog post, First American Economist Ksenia Potapov discusses whether this year will follow the same course.
Read More »New Wildfire Risk Assessment Announced for California Property Owners
According to a new CoreLogic report, California remains the state most at risk for property damage from wildfires, with CoreLogic’s 2022 Wildfire Risk Report estimating that more than 1.2 million single-family homes are vulnerable.
Read More »Homebuyers Retreat As Mortgage Rates Jump
As mortgage rates climb toward 7%, the decline in new listings of homes for sale has slowed since December. A new Redfin report examines why many homebuyers continue to pull back from their home search.
Read More »Buyers Becoming More Confident as Prices Relax
“Homebuyers are starting to feel more confident as mortgage rates tick down closer to 6% than 7% and the overall economy chugs along with surprising resilience, especially in the labor market. Steadily cooling inflation is likely to prevent mortgage rates from jumping back up,” said Redfin Economics Research Lead Chen Zhao.
Read More »Where Are Millennials Looking to Buy?
A new study from LendingTree analyzed the most popular metros for millennial homebuyers, as data revealed roughly 53% of mortgage offers went to millennials in 2022.
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