Across America, rent control policies reduce investment and development, according to a study from the National Apartment Association that examines how rent control is hurting housing supply nationwide.
Read More »Spring Homebuyers Greeted by Another Dip in Mortgage Rates
Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the spring homebuying season.
Read More »A Cooling Market Is Pushing Back on High Down Payments
The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.
Read More »Americans Struggling to Pay Rent as Affordability Worsens
"The general rule of thumb is that you shouldn't spend more than 30% of your income on housing, but the data shows that in eight of the 50 largest metros, many renters are doing just that," said Realtor.com Chief Economist Danielle Hale.
Read More »Mortgage Apps Gain for the Third Consecutive Week
The dip in mortgage rates has kicked the spring homebuying season off on the right foot, as the MBA reports overall app volume on the rise for the third straight week, amid uncertainty over the health of the banking sector.
Read More »Existing Home Sales Rise for First Time in 12 Months
"Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun.
Read More »Single-Family Rent Price Growth Experiences Lowest Appreciation Rate Since 2021
According to a new CoreLogic report, single-family rent price growth was up by nearly 6% year-over-year in January, marking the lowest rate of appreciation since the spring of 2021.
Read More »Interest Rates Sidelining Home Sellers
According to a new market report from Zillow, high interest rates caused new listings to hit a record low in February, frustrating willing homebuyers nationwide.
Read More »Fairway Independent Mortgage Bolsters Its Reverse Lending Ops
The addition of Dan Ventura as its new VP of Reverse Operations follows the formalization of the company’s Regional Reverse SVP program, and the addition of eight new SVPs.
Read More »Guild Mortgage Expands Reverse Division Through Acquisition of Cherry Creek
Through the purchase of Cherry Creek Mortgage, Guild Mortgage will integrate reverse mortgages into its traditional mortgage platform, using Guild’s nationwide retail team across nearly 300 branches.
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