Affordability

For the first time, Spokane is a migration hotspot for people still chasing affordability as the pandemic boom of people moving may be at its end according to Redfin.

Bringing 25-plus years of experience to his new role, David Sparks will help in identifying and growing strategic relationships with affordable housing assistance providers to offer new programs for Waterstone Mortgage customers.

Southern states populations soared in 2023, accounting for much of the domestic migration in 2023 with Florida, North Carolina, and Texas being key hotspots.

A double-digit increase in new listings is helping bring house hunters off the sidelines, as Redfin reports new life in the marketplace to close out 2023.

Pending home sales in November remained the same as October 2023's report, however NAR expects that to change as the downward trend in mortgage rates is expected to shift home sales upward to close out 2023.

Median rental property prices in Q3 experienced a slight increase year-over-year, as rentals continue to be snatched off the market at a much faster pace, according to new data from HouseCanary.

Data compiled by S&P Dow Jones Indices has shown that 11 of the 20 major metro markets reported month-over-month price increases in October, with Detroit keeping pace as the fastest growing market nationwide.

New data from LendingTree has found a slight positive correlation between home values and the amount of snowfall, however, expensive real estate is not exclusive to snowy parts of the country.

Mortgage rates continue to drop to close out 2023, a positive turn of events for potential buyers after 17 consecutive weeks with rates above the 7% mark.

Souren Sarkar of mortgage automation provider Nexval shares his thoughts on the future of the industry and feels that politically driven policies will increase housing affordability and reduce rates.