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 »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 »Optimal Blue Launches Investor Pricing Insight
Optimal Blue, a division of Black Knight, Inc. announced the release of Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage ...
Read More »Eleven Straight Months of Record-Level Rent Gains
Another month, another record set. According to CoreLogic rent prices for single-family homes continued their double-digit gains in February as prices rose 13.1% from one year earlier on ...
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 »Sellers Lowering Listing Prices to Sway Buyers
According to a new report from Redfin, approximately 51% of U.S. homeowners with mortgages have a mortgage rate under 4% — substantially lower than today’s level of 5%. ...
Read More »Housing Starts Edge Upward Month-Over-Month
Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.
Read More »Median Sale Prices Rise Nearly 5% Over One Month
According to the RE/MAX National Housing Report for March 2022, March home sales jumped 32.2% over February, posting a report record median sales price of $360,000. As buyers ...
Read More »Going Green May Help Sell Your House Faster
Before selling, most sellers opt for a fresh coat of paint, new appliances, or a refresh of their landscaping to entice buyers hoping for a quicker sale at a ...
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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