“The ongoing affordability hit of higher home prices and fast-rising mortgage rates led to a slowdown in purchase applications in May,” said Edward Seiler, the MBA's Associate VP.
Read More »Will 2022 Break as Many Housing Records as 2021?
The record-breaking year that was 2021 seems to be a one-off performance, as the 2022 market is experiencing the upward creep of mortgage rates compounded with record-high prices, which is only adding to affordability issues.
Read More »Sign of the Times: Buying a Home Sight-Unseen
More homeseekers are buying their homes sight-unseen, with current market conditions leaving buyers with few other options.
Read More »Average New Home Size Drops to 2,480-Square Feet
The size of the average American starter home has been consistently decreasing, falling to just under approximately 2,500-square feet.
Read More »Real Estate Talent Study: Finding Recruiting Success in Creative Ways
With no sign of the talent markets normalizing anytime soon, having a pulse on trends and ways to differentiate your firm is critical. Click through to learn the takeaways from a new SitusAMC report.
Read More »Summer Busy Season? Not So Fast
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the ...
Read More »Cause and Effect: Budgets Flatten as Rates Rise
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information ...
Read More »New Policies Could Help Close Racial Wealth Gap
The single-family home has been the main driver of wealth building among the middle class and that ideology has affected policy in one way or another in seeming ...
Read More »Cause and Effect: Home Values Up; Negative Equity Down
CoreLogic’s latest report covering aspects of the first quarter of the year is the Homeowner Equity Report which showed that U.S. homeowners with mortgages have seen their equity ...
Read More »Is a Housing Bubble Pending? Survey Says…
As the market continues to hit record marks nearly unabated over the last few months, the topic of bubbles is being brought up around watercoolers and coffee machines ...
Read More »