While inflated home prices continue to dampen demand, home sales fell to a more than seven-year low in January, as rising rates continue to weaken home affordability.
Read More »Nationwide Housing Supply Continues to Idle Amid Sizable Shortage
According to a new report from Realtor.com, U.S. housing markets continue to struggle with a significant shortage of new homes, a result of more than a decade of under-building in response to population growth.
Read More »New Home Builds Still Lag Behind Pre-Great Recession Numbers
"It seems straightforward: We need to build more homes," said Dr. Skylar Olsen, Zillow's Chief Economist.
Read More »Neighborhood Homes Investment Act to Expand Affordable Homeownership Opportunities
Senators Ben Cardin (D-MD) and Todd Young (R-IN) have introduced a new initiative to help revitalize communities, announcing some 500,000 homes could be constructed, renovated and sold under the bipartisan bill.
Read More »Rise in Rates Spurs Uptick in Mortgage App Volume
After three weeks of consecutive declines, mortgage application volume took a sudden turn upward this week, despite mortgage rates nearing the 7% mark.
Read More »Homebuyers, Sellers Cautious About Current Market Conditions
The Fannie Mae Home Purchase Sentiment Index decreased nearly four points in February, as homebuyers and sellers expressed concern over current home-selling conditions, returning the index closer to its all-time survey low recorded in October 2022.
Read More »Rate Volatility Keeping Housing Market on Uncertain Terms
“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains,” said Selma Hepp, Chief Economist at CoreLogic.
Read More »Homeowner Study: The Key to Unlocking More Housing Supply
“With higher mortgage rates deterring many rate locked-in homeowners from selling, free-and-clear homeowners may hold the key to unlocking some much-needed supply for today’s housing market," said First American VP and Deputy Chief Economist Odeta Kushi.
Read More »Experts Foresee Home Price Growth Picking Back Up in 2024
According to a new Zillow survey, starting next year, experts foresee price growth picking back up at an average clip of 3.5% per year through 2027.
Read More »Managing AI and ML in the Mortgage Space
A new white paper from Black Knight examines how artificial intelligence and machine learning has been subject to concern by regulators and other stakeholders, and how mortgage industry managers and executives can benefit from their usage.
Read More »