New data from Redfin recently revealed that buyers are seeking out less expensive areas like Tampa and San Antonio due to the surging cost of housing and other goods, limiting their ability to purchase homes in many U.S. cities.
Read More »Inflationary Concerns Spur Homebuyer Hesitation
A recent Quicken survey found that 21% of those polled planned to buy a first or new house in 2022, with 69% of that segment now reconsidering that move.
Read More »Housing Experts Take to Capitol Hill to Address Affordability
A recent Senate Banking Committee hearing addressed the nation’s homeownership gap, and provided recommendations on how to mend a market in peril.
Read More »Mortgage Application Activity Falls to 22-Year Low
Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.
Read More »Is There a Link Between Inflation and Migration?
According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.
Read More »Firing Up Marketing Efforts as the Market Cools Down
Mortgage marketers are beginning to lean more heavily on lead providers to maintain volumes, but Rob Rokoff of Verisk Marketing Solutions explains that there are privacy and regulatory issues to navigate.
Read More »After Sharp Drop, Mortgage Rates Spring Back Upward
Freddie Mac reports that mortgage rates climbed back upward to 5.51% this week, just one week after a sharp drop and paced by “runaway” inflation.
Read More »Softening Demand to Present New Buying Opportunities in the Weeks Ahead
Realtor.com reports that home price growth is expected to ease in the weeks ahead, pointing toward a rebalancing of market conditions.
Read More »For Home Sales, It’s Deal or No Deal at All
A new analysis by Redfin found that home sales are being canceled at the highest rate recorded since the onset of the pandemic.
Read More »U.S. Median Rents Exceed $2k in May
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May rising 15% year-over-year to a record high of $2,002—according to ...
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