Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
Read More »Housing Activity Expected to Experience Moderate Retreat
Fitch Ratings says the likelihood of a severe downturn in US housing has increased; however, their rating case scenario provides for a more moderate pullback that includes a ...
Read More »Joint Research Finds Room for Improvement in Mortgage Processes
There is always room for improvement, even in a well-oiled machine, and new joint research by Snapdocs and the STRATMOR Group found that 1-in-5 mortgage applicants experienced an ...
Read More »Homebound Young Adults Choosing to Pay Debts, Building Savings
For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many ...
Read More »Home Sellers’ Survey: A Look at ‘Slowing Real Estate Fundamentals’
According to a new Realtor.com survey, some 92% of people who sold their home within the last year accepted some buyer-friendly terms, and approximately 41% accepted some contingencies in ...
Read More »The Big Shift: Which Markets Favor Buyers vs. Sellers?
Knock has announced the unveiling of the Knock Buyer-Seller Market Index, revealing the U.S. housing market began to shift in July toward buyers for the first time since ...
Read More »‘Shrinkflation’s’ Impact on High-End Homes
The newest data from Zillow has revealed that the phenomenon known as “shrinkflation,” which most commonly occurs in consumer products, is occurring in the housing market as well ...
Read More »Home Price Acceleration Tops 50% in June
A new blog post by Mark Fleming, the Chief Economist at First American Financial Corporation discusses the findings of the latest Real House Price Index (RHPI) covering June ...
Read More »Homebuyers Compromise Priorities, Persevere Through Challenging Market
American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to ...
Read More »New Listings Experience Biggest Annual Decline Since Pandemic Onset
Would-be sellers are becoming more reluctant to list their homes as surging prices begin to come down. With fewer new listings, buyers’ bargaining power is reaching its limit ...
Read More »