Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.
Read More »Mortgage Rates Continue Upward Climb, Hit 14-Year High Point
After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.
Read More »Mortgage Apps Jump for Second Consecutive Week
The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.
Read More »Market Cools as Home Sales Moderate, Price Growth Eases
As rising inflation and mortgage rates bring U.S. housing demand back from the chaos of 2021, Realtor.com's updated 2022 forecast predicts inventory will grow double-digits over 2021, offering ...
Read More »Austin Rents Soar by Nearly 50%, Marking Biggest Increase in U.S.
According to a new report from Redfin, the median monthly asking rent in the U.S. increased 15% year-over-year to a record high of $1,962 in April—slightly below March’s ...
Read More »Mortgage Rates Fall Slightly Week-Over-Week
After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.
Read More »Rise in Rates Further Pressuring Potential Homebuyers
Fannie Mae reports mortgage rates have risen once again, further widening the gap many prospective buyers are attempting to overcome to attain the American Dream.
Read More »Fannie Mae Downgrades Expectations for Economic Growth
According to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve ...
Read More »Middle America Dominates Most Affordable Rental Markets
According to the Realtor.com Monthly Rental Report, new rental data shows affordability issues are on the rise, as Americans spent an average 30% of their monthly budgets on ...
Read More »Who Is Bearing the Brunt of Supply Chain Issues?
With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.
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