Market Trends

As the fixed-rate mortgage slips another week, the MBA reports that mortgage apps have risen week-over-week amid news of the Fed’s latest action to correct the nation’s inflationary concerns.

This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.

The Department recognizes federal, city, and county partners in the House America addressing homelessness and the affordable housing in the Emerald City.

A Harvard University study revealed people of color are far less likely to own their homes than whites nationwide, as newly established special purpose credit programs aim to address policies and practices that have restricted homeownership by Black, Indigenous, and other minority households.

“Rent growth is likely to continue cooling,” said Redfin Economics Research Lead Chen Zhao.

“We’ve now seen four consecutive months of home price pullbacks at the national level,” said Ben Graboske, President of Black Knight’s Data and Analytics Division.

"We've seen historic competition in housing over the last two years. As the market begins to rebalance, homebuyers and sellers remain focused on the goal of homeownership despite the ongoing fluctuations," said Nick Bailey, President and CEO of RE/MAX, LLC.

A new report identifies the most common home improvements being made during the winter in advance of the spring homebuying season.

According to a new report from Redfin, the Homebuyer Demand Index revealed declining rates have lured some homebuyers back into the housing market, with the typical home’s time on market rising at its fastest annual pace on record.

“Today’s homeowners are in a much better position to weather the current housing slowdown and a potential recession than they were 12 years ago,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.