Daily Dose

Housing-market competition is declining rapidly due to higher mortgage rates and home prices, amid inflation and a falling stock market, causing many house hunters to drop out of the market completely.

According to the latest Fannie Mae National Housing Survey, roughly half of homeowners aged 18-34 would be interested in making energy-efficiency improvements such as installing solar panels, while the share of these figures was much higher than the average level of interest across the general population of homeowners.

Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.

The National Association of Realtors’ latest Existing Home Sales Report shows that home prices have now increased for 124 consecutive months.

Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019, while affordability challenges continue to persist for buyers, especially in expensive markets.

Recent Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2022 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago. ...

According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.

HUD and the Census Bureau report that single‐family housing starts in June were 8.1% below May’s figure, as builder confidence continues to fall.

New data from Redfin shows inflation and high mortgage rates continue to hinder homebuyer budgets, as pending sales continue to slip.

Amid ongoing affordability issues and an unpredictable market, renters can get the biggest bang for their buck by renting in smaller cities like Amarillo, Texas; Little Rock, Arkansas; and Oklahoma City.