According to a new Bright MLS Forecast, a slowdown in price growth and reduction in mortgage rates should boost the housing market over the next 12 months.
Read More »Affordability Drove Migration in 2023
A Zillow study of United Van Lines data shows that people relocated to metros that were $7,500 less expensive in 2023, with Charlotte, Providence, and Indianapolis reporting the highest net in-migration among the nation’s 50 largest markets.
Read More »Overcoming Homebuying Hurdles
Millennials polled in a recent survey noted that the current rate environment has deterred their purchase plans, and three out of four feel the market may get worse before it improves.
Read More »Kasper Steps Down as NAR President
Citing personal reasons, Tracy Kasper has informed the leadership team of the National Association of Realtors that she is stepping aside, to be replaced immediately by President-Elect Kevin Sears.
Read More »Credit Availability Falls to Decade-Plus Low
“Credit availability declined in December to the lowest level since 2012, as ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Uptick in Housing Supply Pushing Rents Downward
Renters nationwide are catching a slight break in their monthly payments, as Redfin data shows asking rents dropped for the third straight month in December.
Read More »Construction Industry Shows Resiliency in December Employment
The unemployment rate nationwide held at 3.7% in December, with the number of unemployed persons remaining at 6.3 million as residential building employment surpassed pre-pandemic levels.
Read More »Increasing Pathways to Affordable Housing
In the quest to expand housing options nationwide, the Five Star Institute, in partnership with Xome, held a recent webinar focused on key strategies and initiatives to help provide access to affordable housing.
Read More »Median Housing Payment Down From October Peak
Monthly mortgage prices have dropped by a few hundred dollars since October, reaching their lowest level in nearly a year.
Read More »Freddie Mac: Mortgage Rates to Continue ‘to Drift Downward’ in the New Year
Freddie Mac reports a slight one basis-point rise in the 30-year, fixed-rate mortgage to begin 2024, with rates moving sideways as the market digests incoming economic data for the new year. Here’s what they expect for the months ahead.
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