After a slight downtick last week, fixed-rate mortgages began an upward climb once again, with inflation reaching levels last seen in 2008.
Read More »Inflation and Migration Hot Spots Go Hand-in-Hand
Metros such as Phoenix, Tampa and Atlanta remain relatively affordable, as more and more are migrating to these Sun Belt areas along with a rise in inflation.
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Homes Are Receiving Fewer Bids as Prices Increase
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did ...
Read More »Home Prices Rise YoY in February
Up slightly from January’s total of 19.1%, home prices in the month of February continued to accelerate, recording a 19.8% annual gain.
Read More »New Home Sales Dip in March
Following a drop in existing-home sales in March, new home sales fell 8.6% below February rate amid rising rates and inflationary concerns.
Read More »Average Rent Increases 17% YoY
Now is not a great time to be a renter according to new data from Redfin, which found that the median rent surged in March to $1,940—the largest annual increase since February 2020.
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 ...
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