CoreLogic reports that home price appreciation year-over-year was up for the 130th consecutive month in November, but growth dropped to single digits at just 8.6%.
Read More »Monthly Home Prices Drop in October
“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.
Read More »Mortgage Apps for New Homes Fall Nearly 30% YoY
The MBA reports that mortgage rates exceeding the 7% mark and declining purchasing power leading are contributing to fewer new applications nationwide.
Read More »Fannie Mae: Q3 Home Price Growth Decelerates
“Year-over-year home price growth decelerated in the third quarter, as the sharp rise in mortgage rates—and declining housing affordability—appears to have weighed further on demand,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Recession by 2023? Fannie Mae Weighs In
Over the last few weeks, markets have increasingly—and perhaps reluctantly—reflected the resolve of the Fed to lower inflation via rapid tightening of monetary policy," said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Increased Cost of Homeownership Dampening Buyer Demand
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest ...
Read More »Home Price Acceleration Tops 50% in June
A new blog post by Mark Fleming, the Chief Economist at First American Financial Corporation discusses the findings of the latest Real House Price Index (RHPI) covering June ...
Read More »Home Price Growth Continues to Wow
Prices grew at an annualized rate of over 19% last quarter, further pressuring homeseekers to make every penny count.
Read More »Nationwide, Housing Now Less Affordable Than Since Mid-1980s
Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, looking at recent cooling of annual rate of home price appreciation and ...
Read More »As the Pandemic Wanes, Remote Work Will Remain Popular
According to Arch Mortgage Insurance Company (Arch MI), a Greensboro, North Carolina based company offering risk management and financial products to mortgage lenders, 2022 was nothing short of ...
Read More »