According to Black Knight's latest Mortgage Monitor report, purchase locks fell 7.4% from June, while mortgage rates topped 7% in July for the first time since last fall. Click through to see the latest findings.
Read More »Median Sale Price in High-Opportunity Neighborhoods Nears Half a Million
A new report from Redfin revealed the typical U.S. home purchased in high-opportunity neighborhoods sold for an estimated $470,000 last year, nearly 40% more than the typical home in low-opportunity areas, as many of those neighborhoods continue to be gentrified, making them less affordable.
Read More »Southern Metros Lead the U.S. for Spacious Homes
While sizes of both residential lots and houses have continued on a downward slope during the last decade, a new report from StorageCafe revealed the South reigns supreme for larger spaces, as seven southern cities made the top 10 hotspots for spacious living.
Read More »Has the Gap in Appraisal Valuations Decreased?
Appraisal valuation gaps may persist between white and minority population tracts, but new research from the FHFA has found a reduction in that gap following actions by stakeholders and federal, state, and local agencies.
Read More »Home Values Climbed in Nearly All Major Markets From June to July
According to Zillow, metros in the Midwest and Northeast experienced the highest increases in home values nationwide, but while all major U.S. markets’ home values inched upward from June to July, nearly half remain down from last year’s levels.
Read More »Gen Zers Finding More Credit Product Availability
The Q2 2023 TransUnion Credit Industry Insights Report reveals the latest credit trends as lenders have begun to tighten underwriting. Some 50% of Gen Zers surveyed say they plan to apply for new credit or refinance existing credit within the next year.
Read More »Rents ‘Flattening Out’ in Face of Cooling Inflation, Consumer Spending
According to a new report from Redfin, only Western regions are experiencing a drop in asking rents, which are continuing to cool after surging nearly 20% last year.
Read More »Amid Record-High Premiums, Home Insurance Markets Face Unprecedented Carrier Exits
“The increasing severity of natural disasters and the rising cost of construction is forcing mass-market carriers to reassess their growth strategies and put expansion on hold,” said Ben Madick, CEO and Co-Founder of Matic Insurance.
Read More »Homebuying Remains a Mystery for Many Americans
According to a new study from Real Estate Witch, 60% of surveyed Americans underestimate nationwide home prices, with only 1 in 7 knowing that the current median home price falls between $400,000 and $499,000.
Read More »Homeownership Access Remains Hampered by High Home Prices
According to a new survey from Arrived, Americans are seeking financial security and stability from homeownership, but many remain hindered by unaffordability. Nearly 80% of Gen Zers report home prices are their biggest barrier to entering the housing market and purchasing a home.
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