Single-family rent price gains continued to slow year-over-year in March, dropping to 4.3%, while popular metros like Charlotte, Orlando, and St. Louis saw the highest rent growth nationwide.
Read More »Purchase Apps Fall to Slowest Pace in a Month
The MBA reports that overall app volume dropped nearly 6% week-over-week, with the 30-year fixed-rate mortgage jumping nine basis points to its highest level in nearly two months.
Read More »Moving During the Pandemic: Exodus or Inertia?
A new blog post by the Joint Center for Housing Studies at Harvard University examines the shrinking share of Americans that have moved over the last two years, falling back to numbers seen before the pandemic began.
Read More »Sale-to-List-Price Ratio Stands at 98.9%
This number is just above recorded lows set in January 2023.
Read More »Americans Financially Stressed as Rent-to-Income Ratios Remain Elevated
According to Moody’s Analytics U.S. State of Rent Burden report, in 2022, the national rent-to-income ratio crossed the 30% rent-burdened threshold for the first time in more than two decades, as cost-of-living concerns remain a stressor for many Americans.
Read More »Here to There: The Most and Least Commute-Friendly Metros
A new report from Yardi Kube revealed the best metros for a short and eco-friendly commute, which showed shorter commutes and hybrid work result in a healthier environment.
Read More »Study: High Rates Depress Refis; Cash-Out Refis Remain Strong
“The relatively higher interest rate environment has depressed mortgage refinancing in particular. Interestingly, cash-out refinance hasn’t been as impacted as rate and term refinance,” according to Joe Mellman, SVP and Mortgage Business Leader at TransUnion.
Read More »Freddie Mac Recognizes Home Possible RISE Award Winners
The GSE names both national and local lending companies, as well as their loan originators, who have made a commitment to making responsible and sustainable homeownership a reality nationwide.
Read More »Fewer Homes Are Selling Than Usual This Spring
While spring is typically a hot homebuying season, new listings of homes for sale dropped 19% year-over-year in May, according to a new report from Redfin, leaving homebuyers circling an even smaller pool of listings.
Read More »HUD Awards More Than $22M to Expand Access to Affordable Housing
The U.S. Department of Housing and Urban Development has announced it has awarded $10 million in Rural Capacity Building grants, along with $12.5 million in grants through the Self-Help Homeownership Opportunity Program, to help expand affordable housing and homeownership nationwide.
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