While home prices remain elevated due to low supply, mortgage rates shot up to a 15-year high resulting in homebuyers losing nearly 30% of their purchasing power since rates reached their lowest point in 2021.
Read More »Gen Z Looks to Manufactured Housing to Fill Housing Needs
More and more young adults are shattering misconceptions about modular and manufactured housing as many pursue these options to secure housing in an otherwise unaffordable market.
Read More »Potential Buyers Increasing Down Payments to Secure Homes
New data from Redfin's latest market report showed that homebuyers’ down payments doubled during the pandemic, and despite September revealing a slight decline from their peak in June, competition and increasing home prices continue to make it difficult for prospective buyers to afford homes.
Read More »Sharp Decrease in Demand Driving Housing Market Cooldown
While declining demand led to a nearly 20% decrease in new listing volumes in September, the volume of price drops is up 83.2% compared to the same time last year. Click through to learn more from HouseCanary's latest Market Pulse report.
Read More »Fidelity National Financial Appoints Ray Marine, Don Dubois to Western Ops Co-presidents
"We are extremely fortunate to have such a strong legacy of leadership within our companies and exceptional individuals that we can call upon to lead our title operations for years to come," said Mike Nolan, CEO of Fidelity National Financial.
Read More »Low-Income Homeowners Face Significant Challenges After A Disaster
Disasters have been making headlines recently after a pair of hurricanes—Fiona and Ian—caused damage in the territory of Puerto Rico and from Florida up the East Coast, but ...
Read More »Increased Cost of Homeownership Dampening Buyer Demand
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest ...
Read More »Congressional Reps Discuss Equitable Access to Housing and Financing
Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.” Himes, ...
Read More »Sellers’ Market Remains Firm, Leaving Buyers More Options
The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, ...
Read More »Rent Growth Moderates for Third Consecutive Month
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent ...
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