Market Trends

Nationwide home prices increased 2% year-over-year in April compared to the same time last year. In a new report, CoreLogic experts project home price growth in 2023 will fall in line with the historical 4% annual average as mortgage rate uncertainty continues to fuel homebuyer hesitation.

In a new Zillow report, research shows support is growing among both homeowners and renters for "missing middle" housing developments, as 70% of respondents believe new housing is crucial to producing affordability in their community and support building them in their neighborhoods.

While U.S. pandemic migration trends show no sign of reversing, Bank of America Institute's latest housing market report revealed home prices are slowing rapidly even in cities with large inflows of people.

Twenty-five-year senior finance specialist and former CoreLogic exec tapped to manage loanDepot’s financial functions, including its accounting, treasury, tax, corporate finance, and investor and lender relations activities.

“It's crucial, especially in higher-rate environments, for Americans to talk to a mortgage advisor who can help prepare buyers for the homebuying process, work to determine how much a person can afford and clear up the misconceptions about the many paths to homeownership that exist," said Thomas Parrish, Head of U.S. Retail Lending Product Management at BMO.

As affordability struggles worsen for homeowners and buyers nationwide, for-sale inventory is now at its lowest level since April 2022, according to Black Knight's latest Mortgage Monitor Report for April.

A new study from LendingTree details how buying is only one part of the battle, and once purchased, buyers often face a litany of new challenges that come with being a homeowner.

"Understanding all the costs that come with homeownership can not only impact a buyer's budget, but the type of home they shop for, too," said Zillow home trends expert Amanda Pendleton.

Following The Loan Store’s acquisition of certain assets of Homepoint’s wholesale originations channel, 26-year industry veteran officially takes over the role of CEO.

Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.