As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin. Average rental prices rose 17.1% year-over-year nationwide to ...
Read More »Fannie Mae: Economic Factors Putting Pressure on Housing Market
The Fannie Mae Home Purchase Sentiment Index (HPSI) remained comparatively flat in May —decreasing by only 0.3 points— but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with ...
Read More »May Marks Least Affordable Housing Market in 16 Years
Rising home prices and unpredictable interest rates continue to complicate affordability pressures in the housing market. However, the same dynamics have also served to increase the housing wealth of American mortgage holders by a significant margin, according to the latest ...
Read More »Small, Lively Cities Considered Best Locations to Rent
According to a new report from RentCafe, an Austin suburb —Round Rock— has been named the best city for renters in 2022, as Texas reconfirms the rising appeal as a coveted place to live. Raleigh, North Carolina came in second ...
Read More »Housing Inventory Grows for First Time in Three Years
New data suggests the U.S. housing market may have hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since June 2019, according to the latest Realtor.com Monthly Housing Trends Report for ...
Read More »Are Rising Mortgage Rates Slowing House Price Appreciation?
First American Financial Corporation released the March 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying ...
Read More »More Home Sellers Dropping Prices as Market Softens
The housing market is displaying more signals that the pandemic-driven housing frenzy is coming to an end, as nearly one in five home sellers dropped their price during the four week period ending May 22 —the highest level since October ...
Read More »Sean O’Neil Appointed EVP, CFO of Ocwen
With years of experience in financial services companies across the globe, O'Neil will be responsible for leading the company’s global finance organization.
Read More »Declining Home Sales Could Bring “Balance to the Market”
The share of the number of homes for sale shrank at its slowest pace since the start of the pandemic, as continuously rising mortgage rates have limited many homebuyer budgets.
Read More »Suburban Home Values Growing Faster Than in Urban Cores
Woodinville, Washington, is Zillow's most popular market of early 2022, leading a list of fast-growing suburbs as the most in-demand places to start off the year. As more data emerges that remote work is a driving force behind fast home ...
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