"Affordability was the word on home shoppers' minds this year, and it shows in the most popular cities that buyers ... gravitated toward," said Skylar Olsen, Zillow Chief Economist. However, Olsen notes that "Heading into next year, the winds appear to be shifting just a bit."
Read More »2023’s Resilient Economy Expected to Slow Next Year
“Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Dip in Rates Sparks Builder Confidence
Home builders reversed a four-month downward trend in December, as a reduction in mortgage rates and strong economic data have spurred housing production nationwide.
Read More »The Impact of Inventory, Rates, and Down Payments on the American Dream
The average down payment now takes nearly 7.5 years to save up, and the effect that stat is having on the market is adding to the number of cost-burdened Americans nationwide.
Read More »High Interest Rates Hindering Homebuyer Mobility
While the combination of high home prices and interest rates continues to price many potential buyers out of the market, homebuyer mobility has stalled as a result as well. Riordan Frost, Senior Research Analyst for the Joint Center for Housing Studies, reveals the latest predictions surrounding homeowner mobility and what it would take to recover.
Read More »Purchase Mortgage Apps Jumped in November
First American's latest Potential Home Sales Model revealed mortgage rates declined in November, "igniting cautious optimism in the industry.”
Read More »Fostering the Future of Fintech
Dark Matter’s Blake Gibson breaks down the latest tech trends in the mortgage marketplace, and how these enhancements will provide quick and accurate information to both ends of the transaction.
Read More »To Rent or Buy: The State of Renter Sentiment
Knightvest has released their latest Multifamily Renter Sentiment Report, examining where modern Americans are falling on the "rent-versus-buy" question and how different generations feel about renting in today's market.
Read More »Pending Home Sales Soar to Highest Levels in a Year
According to a new market report from Redfin, in November, pending sales climbed to their highest level since 2022, while new listings rose, representing the first sign of growth in a year and a half.
Read More »U.S Mortgage Payments Drop to Lowest Level in Eight Months
The median U.S. housing payment is down from October’s record high, as new listings increase and mortgage-purchase applications are up nearly 20% from their November low, according to a new housing report from Realtor.com
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