According to a new report from Redfin, the median monthly asking rent in the U.S. increased 15% year-over-year to a record high of $1,962 in April—slightly below March’s ...
Read More »Report: Origination Activity to Total $2.7 Trillion in 2022
Due to a litany of factors, Fannie Mae cut their predictions for origination activity, total sales, and GDP for 2022 and 2023.
Read More »Mortgage Rates Fall Slightly Week-Over-Week
After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.
Read More »Cherry Creek Mortgage Names Rick Hogle CRO
Tapped with overseeing the growth and development of Cherry Creek's retail sales and production network, Rick Hogle will also support all the company’s business channels in his new role.
Read More »Rate Hikes Continue to Drive Down Mortgage App Volume
With interest by prospective buyers waning, mortgage application volume fell 11% week-over-week, as economic volatility has forced some households to delay their home search.
Read More »Is the Housing Market Finding a Not-so-New Normal?
According to First American Chief Economist Mark Fleming, rising rates may cool house price appreciation, and bring a new norm to the market.
Read More »Expert Insights: Modernizing the Appraisal Process
Phil King of ServiceLink explains how the pandemic accelerated tech advancements in the appraisal space, as today’s appraiser joins the AI and machine learning revolution.
Read More »Housing Starts Decline Slightly in April
The rise in mortgage rates and inflationary concerns are impacting new residential construction, as borrower costs continue to force many prospective buyers to the sidelines.
Read More »California Renters Have Least Personal Space
The high cost of living in California combined with over-populated cities and a lack of available apartments, is pushing more people to live under the same roof in order to afford monthly rental and mortgage payments.
Read More »Fannie Mae Issues $5 Million to Help Advance Racial Equity in Housing
The latest issuance of the 2022 Sustainable Communities Innovation Challenge in efforts to further advance racial equity in housing, will implement and remove barriers currently preventing many households from purchasing or renting a home.
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