Despite mortgage rates steadily falling over the last month of 2023, overall mortgage application volume slipped nearly 10% over a two-week span to close out the rollercoaster ride that was the housing market of 2023.
Read More »Lower Mortgage Rates Boosting Buyer Confidence
Mortgage rates continue to drop to close out 2023, a positive turn of events for potential buyers after 17 consecutive weeks with rates above the 7% mark.
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
Read More »Nearly 2.5 Million U.S. Households Moved Into SFR Homes Over the Last Year
Through an analysis of U.S. Census Bureau data, the National Rental Home Council reports a 5.3% year-over-year increase of households moving into single-family rentals.
Read More »139 Straight Months of Home Price Growth
“While continued mortgage rate increases challenge affordability across U.S. housing markets, home price growth is in line with typical seasonal averages, reflecting strong demand bolstered by a healthy labor market, strong wage growth and supporting demographic trends,” said Selma Hepp, Chief Economist for CoreLogic.
Read More »Midwest Housing Markets Lead the Nation Given Their Relative Affordability
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index trended upward in July, with 19 of the 20 major U.S. metro markets reported month-over-month price increases.
Read More »Home Price Gains Find New Vigor
“Annual home price growth regained momentum in July, which mostly reflects strong appreciation from earlier this year,” said Selma Hepp, Chief Economist for CoreLogic.
Read More »CoreLogic Reveals Key MLS Items to Consider for Information Security
Following a growing trend of cyberattacks in 2022, MLS services remain vulnerable, according to CoreLogic experts, who suggest the urgent need for comprehensive security measures in the real estate and mortgage industries to help prepare for and prevent security breaches.
Read More »Checking in With Single-Family Rent Growth Trends
A new report from CoreLogic revealed annual single-family rent growth has returned to pre-pandemic rates, growing by just 3.3% year-over-year in June, representing the lowest gain since autumn 2020.
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