As mortgage rates drive upward for the sixth consecutive week, overall application volume fell after a week of rebounding, falling to levels last seen 28 years ago.
Read More »Study Examines How Many U.S. Renters Remain Cost-Burdened
While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.
Read More »2024 Home Trends: What’s a Pickleball Court Worth, Anyway?
Zillow's 2024 hottest home trends list reveals which home features are becoming more popular, and which are going out of style. Where do homebuyers stand on Brutalist architecture and sensory gardens? There’s only one way to find out.
Read More »SFR Rent Growth Continues to Moderate. But There’s a But…
“While annual single-family rent growth has returned to a moderate pace, more than three years of substantial increases will have a lasting impact on tenants’ budgets,” said Molly Boesel, Principal Economist for CoreLogic. Click through to see how the SFR sector is evolving.
Read More »AI to Support Lenders During the Mortgage Automation Process
"New AI-powered technologies are allowing lenders to complete their work without having to maintain today’s high staffing levels," said Argun Kilic, CEO of Areal. "Even better, these new tools work with their legacy technologies."
Read More »Home Prices Remained Resilient Through Q3, But Will That Change?
According to a new report from Fannie Mae, a deceleration in home prices is likely in 2024, with economic growth projected to slow.
Read More »Examining U.S. Migration: Where Are People Moving To?
As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.
Read More »Homebuyers Backing Off Despite Increase in New Listings
According to a new Redfin report, new listings have ticked up, but near-8% mortgage rates are causing many potential homebuyers to retreat, as purchase applications remain near their lowest level in nearly 30 years.
Read More »Getting to Know the Millennial Homebuyer
Millennials remain a powerful force in the homebuying arena, and new research from Kristy Folino of ServiceLink offers insights into their priorities, behaviors and intentions for the coming year.
Read More »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
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