As the industry continues to face challenging conditions, the MBA reports that independent mortgage banks have endured four consecutive quarters of production losses, and nine consecutive quarters of volume declines.
Read More »Trend of Slowing Rent Growth Continues
"In April, we continued to see rising rent prices and a moderating growth rate. This is promising news for renters, suggesting that the pandemic peaks are behind us, and that the challenging affordability picture may begin to improve," said Realtor.com Chief Economist Danielle Hale.
Read More »Builder Confidence Up Due to Lack of Existing Inventory
“Lack of existing inventory continues to drive buyers to new construction,” said National Association of Home Builders Chief Economist Robert Dietz.
Read More »Housing Market Struggles Headed Into Peak Summer Season
“The housing market remains sluggish heading into the spring homebuying season. While mortgage rates have retreated from recent peaks, they remain elevated compared with one year ago,” Chief Economist Mark Fleming said.
Read More »Single-Family Rent Price Gains Dip YoY in March
Single-family rent price gains continued to slow year-over-year in March, dropping to 4.3%, while popular metros like Charlotte, Orlando, and St. Louis saw the highest rent growth nationwide.
Read More »Purchase Apps Fall to Slowest Pace in a Month
The MBA reports that overall app volume dropped nearly 6% week-over-week, with the 30-year fixed-rate mortgage jumping nine basis points to its highest level in nearly two months.
Read More »Moving During the Pandemic: Exodus or Inertia?
A new blog post by the Joint Center for Housing Studies at Harvard University examines the shrinking share of Americans that have moved over the last two years, falling back to numbers seen before the pandemic began.
Read More »Sale-to-List-Price Ratio Stands at 98.9%
This number is just above recorded lows set in January 2023.
Read More »Americans Financially Stressed as Rent-to-Income Ratios Remain Elevated
According to Moody’s Analytics U.S. State of Rent Burden report, in 2022, the national rent-to-income ratio crossed the 30% rent-burdened threshold for the first time in more than two decades, as cost-of-living concerns remain a stressor for many Americans.
Read More »Here to There: The Most and Least Commute-Friendly Metros
A new report from Yardi Kube revealed the best metros for a short and eco-friendly commute, which showed shorter commutes and hybrid work result in a healthier environment.
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