"The Federal Reserve has increased rates every time it has met for over a year, so the pause on rate hikes last month and the fact that we've likely reached a near peak may offer some respite for buyers," said Steve Kaminski, Head of U.S. Residential Lending for TD Bank.
Read More »Low Inventories Creating Home Price Sensitivity
"Generally speaking, home prices are lower in expensive markets and higher in affordable markets, implying greater mortgage rate sensitivity for high-priced homes," said NAR Chief Economist Lawrence Yun.
Read More »A Cooling Market Is Pushing Back on High Down Payments
The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.
Read More »Homebuyer Assistance Programs Increase for Fifth-Straight Quarters
A new report found an upward trend in new homebuyer assistance programs amid difficult homebuying conditions.
Read More »Rental Prices Growing at a Slower Pace
Are the nation’s renters preparing to buy a home? New data from Realtor.com shows that may not be the case as affordability issues remain.
Read More »Homebound Young Adults Choosing to Pay Debts, Building Savings
For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many ...
Read More »Homebuyers Still Believe That 20% Down Is a Necessity
Among renters and non-homeowners, many believe that the once-standard down payment of 20% is a rule, not a recommendation, on the path to homeownership.
Read More »Bay Area Housing Market Cooling the Quickest
Redfin reports that San Jose, Oakland, and San Francisco are among the fastest-cooling housing markets nationwide, as mortgage rates remain above 5%, pricing many potential buyers out of the market.
Read More »Will 2022 Break as Many Housing Records as 2021?
The record-breaking year that was 2021 seems to be a one-off performance, as the 2022 market is experiencing the upward creep of mortgage rates compounded with record-high prices, which is only adding to affordability issues.
Read More »Midsize, Small Markets Led Surging YoY Q1 Home Price Gains
According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of ...
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