Though prices have come down somewhat from their pandemic highs, new home sizes are shrinking as the price per square foot has nearly doubled in the last 11 years.
Read More »Starter Homes: Not as Cheap as They Used to Be
According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic.
Read More »Pending Home Sales Rise for the First Time in Four Months
NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month.
Read More »Fed No Longer Predicts Near-Term Recession—Industry Experts Respond
More commentary has come through focusing on the real estate market along with news that the Fed is no longer predicting a recession in the near future.
Read More »J.D. Power Study Ranks Mortgage Servicers for Best Customer Experience
Rebranding their U.S. Primary Mortgage Servicer Satisfaction Study to the U.S. Mortgage Servicer Satisfaction Study, J.D. Power surveyed over 11,000 people about their interactions with and trust in their mortgage servicers.
Read More »Fed Raises Rates by 25 Basis Points to 22-Year High
The Federal Reserve once again raised the interest rates at its Federal Open Market Committee meeting Wednesday, reaching levels last seen in 2001.
Read More »May’s Case-Shiller Index Echoes April’s Numbers
The S&P CoreLogic Case-Shiller Index found additional gains in May—the latest data made available by the report—as the top-20 major metropolitan markets reported month-over-month price increases for the third consecutive month.
Read More »Wildfire Impacts on California Property Values
Properties in California in high probability areas for wildfires experienced much slower appreciation than other properties in safer areas.
Read More »Americans Are Still Moving to Risky, Disaster-Prone Areas
Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.
Read More »Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
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