Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.
Read More »Buyers Expect Agents to Use Social Media
Buying a home and sticking to it is becoming a way of the past as more and more members of the Millennial generation and Generation Z who currently ...
Read More »Hike in Mortgage Rates Pushes Overall Apps Further Downward
With mortgage rates hitting a three-year high, the MBA recorded continued declines in both purchase apps and refis last week.
Read More »Consumer Homebuying Power Decreases 4% YoY
House-buying power, or how much one can buy based on changes in income and interest rates, has decreased both month-over-month and year-over-year.
Read More »Despite Mortgage Rate Hikes, Home Prices Continue Climbing
All 20 cities gauged by the S&P CoreLogic Case-Shiller Index saw price increases in January 2022, with prices in 16 cities accelerating relative to December’s report.
Read More »Condo Prices Soar in 2022 as Demand Returns
At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
Read More »Pending Home Sales Decline in February
Limited inventory and high demand continue to push the number of pending home sales downward, with contract signings down across all regions month-over-month, except for the Northeast.
Read More »Single-Family Rental Market Takes Center Stage
Top subject-matter experts and skilled practitioners will converge on Dallas in April for two days of networking opportunities and education at the 2022 Single-Family Rental Summit.
Read More »Experts Predict a Slow Inventory Climb Back to Pre-Pandemic Levels
While listings are beginning to trickle back to the market, it is going to take a long time to fill the current inventory deficit.
Read More »Fed Rate Hike Pushes Mortgage Rates Toward 4.5% Mark
After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.
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