Market Trends

The Harvard Joint Center for Housing Studies has issued its State of the Nation's Housing report, underscoring how the U.S. is dealing with sustainability issues faced in today’s marketplace.

“Homebuyer demand has bottomed out,” Redfin Chief Economist Daryl Fairweather said. “High rates are still giving a lot of buyers pause, but the sticker shock is no longer as severe as it was when rates skyrocketed last year.

Fannie Mae's latest Home Price Index reveals home prices grew 3% year-over-year in Q2, and while demand remained resilient, competition heated up for the near-historically limited supply of existing homes for sale.

As economic inflation continues to impact rental prices nationwide, a new study from WalletHub examined the best and worst cities to rent in the U.S., with Midwestern states like North and South Dakota, Kansas, and Iowa topping the list of places with the most affordable rentals.

Occupying nine of the top 10 spots of the nation’s most expensive housing markets, the Golden State led the way in a CoreLogic study, driven by tech hubs, outdoor amenities, weather, and a strong economy.

As the condo and co-op market shifts and new issues emerge, Fannie Mae is evaluating policies to develop new solutions to support this market evolution.

Even in light of recent market turmoil, the vast majority of Americans believe that owning a home is a greater achievement than raising a family, getting a college degree, or having a career.

Rents were up just 0.5% year-over-year in June, while experts predict inflation should continue easing this year and into 2024, according to a new report from Redfin.

"Home buyers have persisted this spring despite daunting affordability challenges and record-low inventory," said Jeff Tucker, Senior Economist at Zillow.

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.