”It shows that the Fed’s interest-rate hikes are working and increases the chance they’ll only hike rates one more time this year,” said Redfin Economic Research Lead Chen Zhao.
Read More »Mortgage Rates Close in on the 7% Mark
Nearing levels last recorded in November 2022, Freddie Mac reports the fixed-rate mortgage rose 15 basis points week-over-week and edged closer to the 7%-mark.
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 »Time to Double Down on the Consumer Experience
The sales numbers may not be where lenders would like to see them yet, but people do want to buy, according to new research, and Matthew Woodhouse of ServiceLink breaks down what homebuyers are saying, and what lenders can do to win their business.
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.
Read More »Mortgage Credit Availability Experiences Modest Bump
“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, Mortgage Bankers Association VP and Deputy Chief Economist.
Read More »Home Prices Hit Record Highs as Housing Market Heats Up
"There is no doubt that the housing market has reignited from a home price perspective," said Black Knight VP of Enterprise Research Andy Walden. "Firming prices have now fully erased the pullback we tracked through the last half of 2022 and lifted the seasonally adjusted Black Knight HPI to a new record high in May."
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