Market Trends

Two new studies from the National Association of Realtors show that elevated home prices and limited housing supply are continuous homebuying barriers cited across different races and ethnicities, hampering home sales and affecting prospective buyers nationwide.

As challenges persist for first-time homebuyers, mortgage rates trended upward yet again, rising six basis points week-over-week and remaining above the 7% mark for the fifth straight week.

As mortgage rates remain historically high and the nation’s housing supply low, LendingTree has found that many homeowners are opting to tackle home improvement tasks, with nearly 70% having started or completed various projects over the past year.

C-suite transition finds former Snapdocs President promoted to CEO, replacing Aaron King who will assume the role of Executive Chairman of the digital closing provider.

Five finalists have been named for the Five Star Institute Keys in Hand Award, shining the light on women in the industry who have spearheaded efforts to increase homeownership opportunities for all.

Take a closer look at data-supported rankings of the best starter-home locations in the U.S. just outside city centers in a new report from Today’s Homeowner.

Although mortgage rates remain above 7%, the first week of October has historically been the best time to buy a home due to a drop in demand and reduced home prices.

“Mortgage applications decreased for the seventh time in eight weeks, reaching the lowest level since 1996,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “Last week’s decline was driven by a 5% drop in refinance applications, to the weakest reading since January 2023.”

According to a new Redfin survey, the most common reason home sellers are relocating is the desire for more space, followed by proximity to family and a lower cost of living. Click here to see why sellers are choosing to move despite record-high mortgage rates and an increasing lack of inventory.

While traditional credit reports remain a strong indication of past financial reliability, a credit report alone doesn’t always provide the full picture of a consumer’s financial profile.