Tag Archives: Inflation

According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.

“Rental cost growth relaxed again in February but is still increasing nationwide year-over-year,” said Molly Boesel, Principal Economist at CoreLogic. “Less-expensive metros have emerged as those with the highest appreciating rental costs, as tenants contend with elevated rents and inflation."

While overall sales declined 22% from a year ago, existing-home sales dipped lower in March after month-over-month sales declined in three out of four major U.S. regions, according to a new report from the National Association of Realtors.

According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.

Both home sellers and homebuyers continue to struggle to navigate the market, with a new seller survey from Realtor.com revealing that home prices are up 7.8% from last year.

A new analysis of data from Discover Home Loans has found that 75% of homeowners are finding projects to be more expensive than originally budgeted, causing some to reconsider their renovation plans.

A deceleration in inflation has sent mortgage rates tumbling for the fifth consecutive week, pushing mortgage apps upward to launch the spring homebuying season.

"Our survey sends a crucial message to mortgage servicers about what homeowners need," says Eric Rachmel, CEO and Founder of Brace.

As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.

As lenders continue to navigate one of the trickiest economies to date, Sarah Davies of Nova Credit discusses the significant progress in pulling back the layers and reexamining its risk management practices.