Uncategorized

Despite the Fed continuing to raise interest rates, overall mortgage refinance application volume rose 10% week-over-week, hitting levels last seen in September of 2022.

Freddie Mac reports that mortgage rates slid this week after two consecutive weeks of gains, amid both the failure of yet another bank and another rate hike from the Federal Reserve.

"Property taxes continued their never-ending climb last year, with wide disparities continuing from one area of the country to another, connected to varying costs, services, and tax bases," said Rob Barber, CEO at ATTOM.

While overall home sales remain down 24.4% year-over-year, February home sales increased nearly 17% from January, according to the RE/MAX National Housing Report.

Greg Austin of Carrington Mortgage Services explains that, amid recent market changes, and as lenders re-enter the non-QM space, borrowers are calling on brokers to establish smart partnerships.

Apartment List surveyed nearly 6,000 adults in December 2022 and overall found that those with a remote job were far more likely to migrate and move into a new home than those with a traditional job.

MBA forecasts rates and home-price growth to soften, which “should help bring more prospective buyers into the market” come spring.

According to a new study from Real Estate Witch, inflation has impacted an estimated 92% of millennials' homebuying plans, indefinitely delaying home purchases for many prospective buyers.

December marked the seventh straight month in which annual rent growth slowed, while rents rose 5% from a year earlier—the smallest increase in nearly a year and a half.

The latest annual report from the FHFA revealed that an estimated $352.4 million in total contributions to the Affordable Housing Program was awarded in 2021, which assisted more than 32,000 low- and moderate-income households.