The rise in interest rates and inflationary pressure have taken a toll on home purchases, as the sale of existing homes continues to slide.
Read More »Comparing Pre-Pandemic Levels to Current Market Conditions
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted ...
Read More »Are Macroeconomic Pressures Beginning to Weigh on the Housing Market?
It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest ...
Read More »Mortgage Rates Hit 11-Year High
Not since early 2011 have mortgage rates hit the 5% mark, but this week, that became a reality, as elevated home prices and short supply are making the dream of homeownership an expensive proposition.
Read More »California Homes Selling Six Figures Above Asking Price
According to a new report from Redfin, some 5,897 homes nationwide sold for at least $100,000 over asking price at the beginning of 2022, up from 2,241 compared ...
Read More »Mortgage Rates Fall Amid Ukrainian Conflict
Rates fell week-over-week as the Russian-Ukrainian crisis has brought with it uncertainty in the housing finance sector.
Read More »New Listings Work to Keep Pace with Housing Demand
According to a new report from Redfin, the number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year-over-year—the smallest ...
Read More »Hike in Rates Drives Down Mortgage Apps
Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.
Read More »Freddie Mac: Despite Rate Hike, Housing Market Stability Ahead?
Home purchase mortgage originations are anticipated to grow from $1.9 trillion in 2021 to $2.1 trillion in 2022, and $2.2 trillion in 2023, according to a new Freddie Mac forecast.
Read More »How Homebuyers Are Gauging When to Purchase
A new report examines the factors Americans are figuring into their homebuying strategies as the housing market steadies.
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