Rents were up just 0.5% year-over-year in June, while experts predict inflation should continue easing this year and into 2024, according to a new report from Redfin.
Read More »Homebuyers Persist as Average Home Price Hits Record High
"Home buyers have persisted this spring despite daunting affordability challenges and record-low inventory," said Jeff Tucker, Senior Economist at Zillow.
Read More »Keeping Afloat
MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.
Read More »Measuring the Resiliency of the U.S. Housing Market
Taylor Marr, Deputy Chief Economist for Redfin, recently sat down with MortgagePoint to discuss recent migration trends, the direction of the market, and much more. Click through to hear his insights on the state of the nation’s housing landscape.
Read More »Market Monitor: Locks Move South in June; Credit Availability Tightens
According to Black Knight's Originations Market Monitor report, overall rate lock volumes were down 1% month-over-month in June, with conforming loans gaining share mainly at the expense of nonconforming loan products.
Read More »Americans Migrating to Smaller Cities With Lower Median Home Values
A new State of U.S. Population Movement Report reveals that more Americans are moving to counties that have a median house value of $279,000—nearly 40% lower than the median house value of counties that are losing population.
Read More »Home Prices Linked to Higher U.S. Metro Homelessness Rates
According to a new report from Home Bay, cities with above-average home values have homeless rates about 2.5 times higher than cities with lower-than-average home values, with San Jose, California, having the highest rate of homelessness and the highest home values of any major metro in the U.S.
Read More »Inventory Shortages Impacting Realtors’ Ability to Find Buyers a Home
“Housing inventory and affordability continue to be the top obstacles that hold back potential clients in the housing market," said Jessica Lautz, National Association of Realtors Deputy Chief Economist and VP of Research.
Read More »FHA and VA Purchase Apps on the Rise
Despite mortgage rates reaching their highest levels since November 2022, overall app volume rose week-over-week, led by an increase in both FHA and VA purchase applications.
Read More »Tenant Turnover Leading Fewer Landlords to Plan 2023 Rent Increases
As the housing market cools somewhat, a new study from Rent. examines landlord sentiment that may grant renters more leverage in negotiating their lease renewals.
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