All of the top-10 ranked cities for first-time buyers had ample inventory, short commutes, and more restaurants than average.
Read More »Mortgage Apps Surge With Near-30% Weekly Rise
As the fixed-rate mortgage fell to a near-five-month low, prospective buyers and those seeking refis brought life into the marketplace, boosting mortgage apps 27.9% over last week’s totals.
Read More »The Science of Appraisals
Fannie Mae’s Jake Williamson and Appraisal Institute President Craig Steinley share their perspective with MReport about how the industry is working to improve the appraisal process in 2023.
Read More »Home Appreciation Comes in Under Expectations
Fannie Mae’s latest Home Price Index has found that the tension between the reduced supply of homes available for sale and lower mortgage demand will impact home prices in 2023.
Read More »YoY Single-Family Rental Price Gains Fell Nearly 8% in November
According to a new CoreLogic report, annual rent growth dropped for the seventh consecutive month in November, while Florida metros and Sunbelt cities posted the highest rental cost gains.
Read More »Study Finds Buyers Satisfied With Home Purchases Post-Pandemic
A new study from LendingTree revealed some 80% of homebuyers in past two years don’t regret buying a home during the pandemic housing boom.
Read More »Homebuyers Expand Their Options With Rent-to-Own Homes
A new Javelin study revealed that a majority of Gen Z’ers and nearly 40% of millennials would consider rent-to-own agreements as an alternative to purchasing as a result of low inventory and historically high mortgage rates.
Read More »Number of House Hunters on the Rise
New Redfin data reveals that Google searches for “homes for sale” were up nearly 50% from their November low during the week ending January 7. Here’s what else the data reveals about the state of the housing market.
Read More »War, Labor Shortages, and More: What’s Propping Up Inflation
A group of top scientists said high inflation levels are being driven by a variety of factors, including the lingering impacts of COVID-19, the war in Ukraine, and ongoing labor shortages.
Read More »Pandemic Ripples Still Impacting Single-Family Housing Trends
New Fannie Mae data revealed the pandemic prompted many first-time homebuyers to move from smaller housing units in high-density cities to larger homes in lower-density areas, fueling a rise in home sales and lowering the number of days homes sit on the market.
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