While rental prices peaked in Q2, they are expected to trend downward in the coming months, as available-for-rent inventory has surged 70% year-over-year. Here’s what else HouseCanary's latest National Rental Report has to reveal.
Read More »AFR Announces Sale to Proprietary Capital
Full-service mortgage banker announces agreement to sell 100% of the company to institutional platform for investors to gain exposure to the U.S. residential-mortgage market.
Read More »More Q2 Shoppers Seeking Homes in Other Markets
Realtor.com has found that more than 60% of all listing page views from the top 100 metros went to homes located outside the metropolitan areas where shoppers live.
Read More »Lock-In Effect Keeping Home Prices Elevated
Home prices are increasing due to the mismatch between supply and demand, as inventory remains low due to the lock-in effect. The total number of homes for sale is down 19%, the biggest drop in a year and a half, and new listings are down 21%.
Read More »Is This the End of the Starter Home?
Researchers from Point2 reveal that even in non-core, secondary, cities, affordable first homes are quickly becoming a thing of the past.
Read More »First Horizon Extends Contract With CEO D. Bryan Jordan
Memphis, Tennessee-based regional financial services company extends Chairman, President and CEO D. Bryan Jordan's employment agreement for five more years.
Read More »Harvard Perspectives: Addressing 2023 Housing Challenges, Disparities
Researchers from Harvard University's Joint Center for Housing Studies point out that lawmakers and regulators proved during the pandemic that policy-based housing solutions are possible in a time of crisis.
Read More »Are We Approaching a ‘Double-Dip’ Housing Recession?
According to Odeta Kushi, First American's Deputy Chief Economist, there has never been an official or general agreement on what constitutes a housing recession.
Read More »Housing Inventory Crunch Accelerates in July
Active housing inventory was reportedly 49.2% below typical pre-pandemic July levels, as Realtor.com reports that on a typical day in July, there were 45,000 fewer homes available to buy year-over-year.
Read More »Government Credit Rating Downgrade Forces Uptick in Mortgage Rates
On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching closer to the 7%-mark.
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