Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin. ...
Read More »May Home Sales Down YoY as Inventory Grows
RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings ...
Read More »Study Finds Americans Possess Minimal Knowledge of Housing Matters
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans ...
Read More »Cause and Effect: Budgets Flatten as Rates Rise
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information ...
Read More »Rate/Term Refinances Down 90% YoY
Black Knight Inc., has released the latest iteration of its Originations Monitor Report for May 2022 which looks at declining mortgage production and rate locks despite a plateau in interest ...
Read More »Rising Rates Driving Homebuyer Urgency
CoreLogic has released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd ...
Read More »Homebuyers Feeling Pressure of Higher Home Prices, Mortgage Rates
The Fannie Mae Home Purchase Sentiment Index (HPSI) remained comparatively flat in May —decreasing by only 0.3 points— but inching nearer its 10-year- and pandemic-low of 63.0 from ...
Read More »Mortgage Holders Gain Record $1.2 Trillion in Tappable Equity
Rising home prices and unpredictable interest rates continue to complicate affordability pressures in the housing market. However, the same dynamics have also served to increase the housing wealth ...
Read More »Real House Prices Increase Nearly 33% YoY
First American Financial Corporation released the March 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted ...
Read More »Pending Home Sales Continue Downward Slide
Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.
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