Eco-friendly solar panels and energy-efficient appliances top the list of green features desired by buyers as sustainability plays a growing role in purchasing decisions.
Read More »Pending Home Sales Down for Fifth Consecutive Month
According to the latest Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive ...
Read More »Profit Margins on Homes Dive in Q1
Median-priced home sale profits in the first quarter dropped from 51.6% to 47.2%, the first drop since 2019, and the largest since 2011.
Read More »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Homes Are Receiving Fewer Bids as Prices Increase
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did ...
Read More »Home Prices Rise YoY in February
Up slightly from January’s total of 19.1%, home prices in the month of February continued to accelerate, recording a 19.8% annual gain.
Read More »Mortgage Application Activity Falls to Four-Year Low
As mortgage rates exceed the 5% mark, mortgage application volume continues to slide downward, falling 8.3% over last week’s totals.
Read More »Housing Affordability and Availability Remain Top of Mind
One thousand people took part in Fannie Mae’s third quarter 2021 National Housing Survey and reported back that affordability and remote work are still very much important to members ...
Read More »New Home Sales Dip in March
Following a drop in existing-home sales in March, new home sales fell 8.6% below February rate amid rising rates and inflationary concerns.
Read More »Interest Rates are Up, Will Home Prices Drop?
In March, the U.S. Federal Reserve increased interest rates by a quarter of a point to address rising inflation and a litany of other economic problems stemming from ...
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