Housing demand remains strong across the U.S., according to the RE/MAX National Housing Report for June, as home sales rose 5.4% from May, posting the highest median sales price since June 2022's peak price of $426,000.
Read More »Builder Confidence Ticks Upward Amid Housing Supply Shortage
While mortgage rates remain elevated nationwide, the NAHB reports that low existing inventory helped push builder confidence up in July.
Read More »Southern Cities Dominate List of in-Demand Rental Destinations
While renting is more affordable than buying a home in many U.S. metros, Arlington, Virginia, was ranked the most in-demand city for renters in July, according to a new analysis from RentCafe, followed by Orlando, Florida, and Cincinnati.
Read More »Survey: Lenders Still Believe a Recession Is on the Horizon
A new poll by Fannie Mae has found that 73% of respondents believe the U.S. economy is on the “wrong track,” with a vast majority of lenders feeling the economy is "very likely" or "somewhat likely" to enter a recession in the next two years.
Read More »Mortgage Rates Scale Back From 7%-Range
A slowdown in inflation caused the 30-year, fixed-rate mortgage to take an 18-basis point week-over-week plunge after nearly crossing the 7%-mark the week prior.
Read More »The Week Ahead: Smoothing the Road to e-Mortgages
As advancements are made in the tech world to optimize e-mortgages, the Five Star Institute and DocMagic will present a webinar discussing barriers that remain throughout the process, as well as embracing the customer service aspect of going all-digital.
Read More »Student Housing Continues Strong Rent Growth
A new study from Yardi Matrix revealed student housing posted five consecutive months of annual rent growth of over 7% recorded through June, while new data projects rates to remain solid throughout the 2023-2024 semester.
Read More »Existing-Home Sales Dip in June, Hit Slowest Pace Since January
A new report from NAR shows existing-home sales dipped 3.3% from May, while the median existing-home price for all housing types reached its second-highest mark of all time in June.
Read More »Home Sale Profits Rebound in Q2
Following three quarters of decline, ATTOM reports that home investment returns rose in Q2, led by a springtime surge in buyer demand, pushing seller profits back up to nearly their highest level recorded in the past decade.
Read More »Mortgage Rates Keeping Inventory Down, Prices Up
“Even though buyers are trepidatious about high mortgage rates, we’re seeing bidding wars in several pockets of the market because there are so few options and even fewer good options,” said Redfin Premier Agent Jordan Hammond.
Read More »