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Single-family starts in 2022 are projected to hit an 11-year low, as builder confidence falls to its lowest level in more than a decade.

Inlanta Mortgage President and CEO Paul Buege discusses navigating the current down cycle and where the housing market is headed.

According to CoreLogic's Single-Family Rent Index for August, new data found that rent prices remain elevated, sitting 26% higher than before the onset of the pandemic, with an average of $400 per month added to housing costs and other household expenses.

Continued economic instability and inflationary concerns forced more potential homebuyers to pull back from the market in September, as the MBA reported builder applications fell by 7% over August 2022’s data.

The pandemic threw many wrenches into the housing market, and a new report notes that, for the first time in years, space in suburban homes is now worth more than space in urban homes.

“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.

As the population continues to grow and single-family home builds slip, multifamily builds and build-to-rent are hitting historic highs.

While rising supply is causing rent growth to slow, Redfin’s latest market report revealed rent growth experienced its first single-digit increase in a year, marking a significant slowdown from the estimated 20% growth in Q1. Here are the latest findings.

Two years into her stint with the bank, Head of Wells Fargo Home Lending Kristy Fercho speaks to MReport about challenges, victories, and the “extraordinary privilege” of helping people achieve the American Dream.

Those looking to stretch their budget as far as possible are not seeing any relief as affordability continues to decline amid an environment of rising rates and high home prices.