The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Homes Are Receiving Fewer Bids as Prices Increase
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did ...
Read More »Average Rent Increases 17% YoY
Now is not a great time to be a renter according to new data from Redfin, which found that the median rent surged in March to $1,940—the largest annual increase since February 2020.
Read More »Are Macroeconomic Pressures Beginning to Weigh on the Housing Market?
It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest ...
Read More »Home Buyers’ Desire to Relocate Reaches Record High
Experts predict the share of Americans relocating will continue to rise throughout 2022, as affordable metros are more attractive than ever.
Read More »U.S. Sees Increases in Rent, Mortgages
Monthly listed rents in the U.S. increased 15.2% year over year to $1,891 in January, according to a new report from Redfin. This was the largest annual jump ...
Read More »Commission Rates at Lowest Point Since 2017
The rate paid to brokerages is at its lowest point in at least four years and well below the 6% mark seen in the '90s.
Read More »First-Time Buyers Utilizing Stimulus for Down Payments
Nearly one in four survey respondents said stimulus payments during the pandemic has helped fund their down payment.
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