“While the price of buying a home climbed through the third quarter, would-be buyers pivoted towards renting and other housing arrangements,” said Realtor.com Economic Data Analyst Hannah Jones.
Read More »NAR Report Finds Fintech Apps Most Impactful Realtor Tools
The latest NAR Tech Survey revealed eSignature, Lockbox, and MLS apps/technology to be the three most effective technology tools for Realtors’ businesses, as nearly half of Realtors believe the metaverse will have a significant impact on real estate.
Read More »Fed Hikes Rates by 75 Points; Sixth Increase This Year
Another Federal Open Market Committee Meeting, another rate hike. At the conclusion of the FOMC’s November Meeting, the Committee raised rates by 75 basis points, the fourth consecutive such hike and the sixth of 2022.
Read More »HUD Issues Nearly $150M in Supplemental COVID Assistance
Owners of properties participating in multifamily-assisted housing programs can now apply for reimbursement of costs for property improvements and other measures taken to protect residents from pandemic-related issues.
Read More »Rising Rates Hampering Housing Market Demand
The latest market report from Fannie Mae revealed a possible economic slowdown in coming months, which would reduce housing demand even further. Meanwhile experts predict prices and rents may stabilize or even fall in some markets within the new year.
Read More »September Home Prices Increase Over 10% YoY
CoreLogic’s latest Home Price Index report delves into which regions are spiking the highest, and what factors are in play.
Read More »Examining the Impact of Wildfire Mitigation on Homeowners’ Insurance
A new report from the Casualty Actuarial Society takes a closer look at catastrophe models in measuring the effects of wildfire mitigation on homeowners and communities nationwide.
Read More »FHFA Publishes New Uniform Appraisal Dataset Aggregate Statistics File
“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.
Read More »Slowdown in Supply and Demand Force Sellers to Improvise
As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.
Read More »Industry Survey: Personnel Costs Driving Up Mortgage Overhead
In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.
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