"There's tremendous difficulty in the commercial real estate market with higher interest rates," said Lawrence Yun, the Chief Economist for the National Association of Realtors. But are there changes on the horizon?
Read More »New Listings Up, Pending Sales Reach Highest Level in a Year
Homebuyers backed out of deals at the highest rate on record in October, driving more home sellers to lower their prices and offer concessions to entice home shoppers. A new Redfin report revealed that a spike in new listings drove pending home sales to their highest level in a year.
Read More »Competition for Shrinking Inventory Fuels Faster-Selling Homes
A new Point2 study revealed homes are selling at a much faster pace than they did last year, flying off the market as increasing housing competition and dwindling inventory drive homebuyers to snatch up the limited options available.
Read More »Larry E. Thompson Elected Board Chair of the Federal Home Loan Bank of New York
Beginning his two-year term on January 1, Larry Thompson will assume the role of Board Chair of the Congressionally chartered, wholesale bank that is part of the Federal Home Loan Bank System.
Read More »Good News Out of Opportunity Zones
Home values in Opportunity Zones tend to roughly match broader home prices. Find out what that means for the roughly 3,500 Opportunity Zones throughout the country.
Read More »‘House Hacking’: A Growing Trend Among Younger Homeowners
"Younger homebuyers—mostly Gen Z and Millennials—are especially into the idea of rental income as a key factor in their home buying decisions," said Zillow Senior Population Scientist Manny Garcia.
Read More »New Home Purchase Mortgage Applications Surged in October
More home sellers are offering concessions to draw in buyers, in part fueling purchase activity, which jumped nearly 40% in October compared to a year ago. Read the full breakdown of data in the MBA’s latest Builder Application Survey.
Read More »Customer Satisfaction With Mortgage Lenders on the Rise
J.D. Power’s latest U.S. Mortgage Origination Satisfaction Study examined a number of factors, including communication, digital channels, and level of trust, to gauge customer service levels. Which lender took the top ranking this year?
Read More »Home Sellers’ ‘Suppliers’ Strike’ Holding Back U.S Housing Supply
As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.
Read More »A Positive Outlook: Homeowners Optimistic About Increasing Equity
While homeowners continue to gain equity and remain increasingly excited to do so, TD Bank’s 2023 Home Equity Trend Watch survey revealed that nearly 40% of homeowners who plan to renovate their home in the next two years are using or plan to use a HELOC for their upcoming home projects.
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