According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Read More »Millennials Make the Up Largest Share of Homebuyers Nationwide
Millennials have dominated the housing market for the past decade, according to a new study from LendingTree.
Read More »Mortgage Rates Reverse Trend, Inch Upward
What caused the uptick in fixed mortgage rates, and what might it mean for the housing market in the months ahead?
Read More »Rental Price Growth Slowing Faster Than Overall Housing Costs
According to a new report from Redfin, new-lease signers have comparatively low inflation rates because rental price growth is slowing, as this is the first time asking rents have posted a smaller increase than the overall cost of housing in a year and a half.
Read More »Purchase, Refi Apps Both Show Gains
A consistent decline in mortgage rates has attracted the attention of buyers and those seeking refis, as the MBA reports a rise in mortgage apps in excess of 7% week-over-week.
Read More »Fannie Mae Index Inches Up, Yet Remains Historically Subdued
“January’s HPSI results showed that consumer sentiment toward the housing market remains subdued by historical standards,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Single-Family Home Price Appreciation Dipped to 6.9% YoY
According to a new CoreLogic report, year-over-year single-family home price appreciation declined to nearly 7% in the final month of 2022, marking the lowest rate recorded since the late summer of 2020.
Read More »Communities of Color Experiencing Renter Financial Stress
According to a new study from the Joint Center for Housing Studies, many renters living in high-poverty, lower-income, and lower-rent neighborhoods are more likely to experience financial distress, as data revealed some 61% of households behind on their rent live in communities of color.
Read More »List-to-Sale-Price Ratio Returns to Pre-Pandemic Levels
Currently standing at 96.8%, the number of homes listed versus those for sale was the lowest reported since Q1 of 2019.
Read More »Examining 2022 Migration Trends
More Americans moved in 2022 than in any year since 2012, according to a new study from HireAHelper, as an estimated 27.3 million people migrated throughout the U.S last year.
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