The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, ...
Read More »Rent Growth Moderates for Third Consecutive Month
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent ...
Read More »Average Homebuyer’s Mortgage Payment Up 15% Since August
The typical homebuyer’s monthly mortgage payment has climbed $337 —or 15%— over the past six weeks to a new high of $2,547, according to a new report from ...
Read More »Off-Season Shoppers Find More Options Amid Sparse Inventory
As the housing market tries to adapt to multiple external influences, the fall housing market is offering off-season shoppers more options this fall comparatively to 2021, as inventory ...
Read More »Experts: Buyers Will Return to Power in 2023
A new Zillow survey of 107 housing market experts and economists found one common thread where all respondents agreed: sellers will relinquish the recent control they have had ...
Read More »Mortgage Rates Inch Closer to 7% Mark
The last time mortgage rates hovered near the 7% range was two decades ago, as continued Fed actions to ease inflation have forced the fixed-rate mortgage to 20-year highs.
Read More »Volatile Mortgage Rates Cause More Than Stress
If one started looking for a home in July, that person has just endured the most volatile mortgage rate environment seen since 1987, when rates were trying to ...
Read More »Most Areas Report Declining Contract Activity
The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this ...
Read More »Pace of Refis Falls to 22-Year Low
Continued inflationary burdens, and mortgage rates hitting 14-year highs have driven down mortgage applications this week, as the Fed continues to raise rates to combat a volatile economy.
Read More »Cost of Homeownership Growing ‘Prohibitively High’
While home price gains have slowed nationwide, actions by the Federal Reserve to curb inflation continue to make mortgage financing more expensive, according to the latest S&P Dow Jones Indices.
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