“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.

Going green is all the rage, be it to reduce your carbon footprint, increase the efficiency of your home, or just be a better global citizen, Americans across the country have joined the green movement in several aspects of their lives, and their homes are no exception.

Publishing data covering the month of February 2023, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development has released their joint report on new residential construction permits, starts, and completions.

Mark Casale, Essent’s Chairman and CEO, said that Weinstock "brings a deep understanding of our business and the mortgage insurance industry” to the role.

Thirteen percent of homes sold from December 2022 through February 2023 included a price cut and list of concessions in order to complete the deal.

The average, median-priced home declined a bit more than 0.5%—the first annual drop recorded since 2012.

“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.

According to Redfin, luxury-home purchases and investment properties plummeted 45% as the supply of luxury homes also nears historic lows.

Coastal areas and large cities are the most likely candidates to see home price declines in the future.

DeHart will oversee all escrow functions, including tax, insurance, flood insurance, and escrow analysis.