After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.
Read More »Homebuyer Affordability Further Deteriorates in May
The MBA reports that American homeowners continue to struggle to make ends meet, with the national median mortgage payment hitting $2,165 in May 2023, up $268 from one year ago, or an increase of 14.1% year-over-year.
Read More »Protecting LGBTQIA+ Homebuyers From Housing Discrimination Comes at a Cost
According to a new report from Zillow, legal protections come at a cost for LGBTQIA+ home shoppers, as typical home values in areas with explicit legal protections for the community are an estimated 46% more expensive than areas with no protections.
Read More »Median Home Prices, New Homes for Sale Slipped in June
Annually, new listings of homes for sale dropped nearly 26%, falling below their previous pandemic lows, according to Realtor.com.
Read More »Section 1071’s Impact on Fair Lending Laws
A panel of experts assembled by the Five Star Institute and Treliant break down the recent implementation of Section 1071 of the Dodd-Frank Act and how financial institutions are collecting and reporting data on small business loans.
Read More »Want a Higher Quality of Life? Find a Walkable Community
A new transportation survey from NAR indicates that Americans that live in walkable communities have a higher quality of life. Click through for more on this trend.
Read More »Purchase Mortgage Apps Rise for Third Consecutive Week
The MBA reports that new home sales have been driving purchase activity in recent months, as buyers continue to seek options beyond the existing-home market.
Read More »Online Valuation Sites Causing Housing Envy
A large percentage of younger Americans are using online searches and valuations to gauge their worth and their neighbors' incomes based on their homes, an act that is also causing envy and anxiety.
Read More »Drought-Stricken Phoenix Ranked Most Popular Destination for Relocators
While the state of Arizona recently limited homebuilding in the Phoenix area, a new report from Redfin revealed out-of-town homebuyers are still moving to popular Sun Belt metros despite the high risk of drought and flooding.
Read More »New Single-Family Home Sales Hit 15-Month High
The U.S. Census Bureau and HUD have found that new, single-family home sales were at a seasonally-adjusted annual rate of 763,000 in May 2023, 12.2% above April 2023’s rate of 680,000 marking the highest level reported since February 2022.
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