According to Black Knight's latest Mortgage Monitor report, purchase locks fell 7.4% from June, while mortgage rates topped 7% in July for the first time since last fall. Click through to see the latest findings.
Read More »Median Sale Price in High-Opportunity Neighborhoods Nears Half a Million
A new report from Redfin revealed the typical U.S. home purchased in high-opportunity neighborhoods sold for an estimated $470,000 last year, nearly 40% more than the typical home in low-opportunity areas, as many of those neighborhoods continue to be gentrified, making them less affordable.
Read More »Has the Gap in Appraisal Valuations Decreased?
Appraisal valuation gaps may persist between white and minority population tracts, but new research from the FHFA has found a reduction in that gap following actions by stakeholders and federal, state, and local agencies.
Read More »Home Values Climbed in Nearly All Major Markets From June to July
According to Zillow, metros in the Midwest and Northeast experienced the highest increases in home values nationwide, but while all major U.S. markets’ home values inched upward from June to July, nearly half remain down from last year’s levels.
Read More »Rents ‘Flattening Out’ in Face of Cooling Inflation, Consumer Spending
According to a new report from Redfin, only Western regions are experiencing a drop in asking rents, which are continuing to cool after surging nearly 20% last year.
Read More »Homeownership Access Remains Hampered by High Home Prices
According to a new survey from Arrived, Americans are seeking financial security and stability from homeownership, but many remain hindered by unaffordability. Nearly 80% of Gen Zers report home prices are their biggest barrier to entering the housing market and purchasing a home.
Read More »Rental Market Experiences Significant Increases in Prices, Listings
While rental prices peaked in Q2, they are expected to trend downward in the coming months, as available-for-rent inventory has surged 70% year-over-year. Here’s what else HouseCanary's latest National Rental Report has to reveal.
Read More »California Metros Top List of Least Affordable Cities for First-Time Homebuyers
Five California metros have been named the least affordable cities and worst cities to purchase a home for first-time homebuyers, according to a new study from WalletHub. Multiple Golden State areas were also ranked for the highest cost of living throughout the U.S.
Read More »Americans Migrating to Smaller Cities With Lower Median Home Values
A new State of U.S. Population Movement Report reveals that more Americans are moving to counties that have a median house value of $279,000—nearly 40% lower than the median house value of counties that are losing population.
Read More »Home Prices Linked to Higher U.S. Metro Homelessness Rates
According to a new report from Home Bay, cities with above-average home values have homeless rates about 2.5 times higher than cities with lower-than-average home values, with San Jose, California, having the highest rate of homelessness and the highest home values of any major metro in the U.S.
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