ATTOM has released its Q2 2022 U.S. Home Affordability Report, showing that median-priced single-family homes and condos are less affordable in Q2 of 2022 compared to historical averages in 97 percent of counties across the nation with enough data to ...
Read More »Median Household Income Increases 5%
First American Financial Corporation, a provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, has released the April 2022 First American Real House Price Index (RHPI). The RHPI measures ...
Read More »Million-Dollar Metros: California Cities Top List
According to new research from LendingTree, home prices have risen significantly over the past two years, and paying $1 million or more for a house seems excessive as well as unattainable to most Americans. However, just because million-dollar homes aren’t ...
Read More »Pending Home Sales Rise Slightly From April
Pending home sales inched higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year ...
Read More »More Renters Seeking Warmer, Rural Areas
Out-of-state applicants for rental properties increased 42% from 2020 to 2021, according to a new data analysis from TransUnion. In that same period, rental applications in rural areas increased 28%, while urban rental application volume rose just 10%. The primary ...
Read More »HUD Allocates $30M+ in Funding for State, Local Fair Housing
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced it has allocated $30.1 million in noncompetitive funding for HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP ...
Read More »Existing-Home Sales Retreat Nationwide
Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors (NAR). Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales ...
Read More »Housing Affordability Hits 15-Year Low
Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing ...
Read More »Inflationary Pressures Spark April Jump in Nationwide Rent Price Growth
CoreLogic has released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. U.S. single-family rent growth continued its hot streak in April, with prices up by 14% year-over-year, the 13th consecutive month of ...
Read More »Economist: Home Purchase Demand Declining
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model (PHSM) for the month of May 2022. The PHSM measures what the healthy market level of home sales should be based on economic, demographic, and housing ...
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