“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place in 2023,” said Jiayi Xu, an economist for Realtor.com.
Read More »National Home Price Growth Continued to Slow in April
Single-family home price growth rose by just 2% year-over-year in April, marking the 135th consecutive month of annual growth but the sixth straight month of single-digit gains, according to CoreLogic’s latest Home Price Index.
Read More »More Than 30% of Distressed Property Buyers Anticipate Price Declines
Auction.com has found that nearly one-third of distressed buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17% who expected home prices to decline in 2022.
Read More »Mandatory Flood Insurance Myths Debunked
A new intelligence report written by Scott Giberson, Principal of Product Compliance for CoreLogic, puts some common misconceptions about flood insurance under the microscope.
Read More »Baby Boomers Surpass Millennials as Largest Share of Current Homebuyers
It’s the first time since 2014 that boomers have overtaken the younger generation when it comes to owning a bigger slice of the homebuyer market, according to a new housing report from the Bank of America Institute.
Read More »Over 60% of Potential Home Shoppers Waiting for Rates to Drop
The most recent iteration of the BMO Real Financial Progress Index revealed a number of new information including that over 65% of Americans are waiting on mortgage rates to drop before buying a home in today’s market.
Read More »Here’s How the Largest Metros Rank for Homeownership
“Overall, the study revealed that Raleigh, North Carolina; Charlotte, North Carolina; and St. Louis are the three best metropolitan areas for homeownership. Each of these metros ranks among the lowest for share of homes lacking complete plumbing and kitchen facilities (both are lowest in Raleigh), meaning they appear to have relatively high-quality housing available,” said LendingTree Senior Economist Jacob Channel.
Read More »’Hidden’ Home Expenses Can Add Up to $15k Annually
According to a new analysis by Zillow and Thumbtack, utility bills, property taxes, insurance and essential home maintenance can add up to nearly $14,155 for the average homeowner, or an additional $1,180 per month on top of a typical mortgage payment.
Read More »HUD Focuses on Healthy Homes in June
The Department kicks off the month of June by focusing its attention on the importance of creating and maintaining a healthy home by addressing home-based hazards, including reducing moisture and mold, and maintaining indoor air quality.
Read More »The Week Ahead: Small Business Lenders & Dodd-Frank’s Section 1071
An upcoming Five Star Institute Webinar will feature a trio of experts discussing the impact of Section 1071 of the Dodd-Frank Act, a rule requiring financial institutions to collect and report data on small business loans.
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