Even though low inventory caused by the lock-in effect is causing a crunch for home seekers, prices continue to rise and have hit a new record high, eclipsing the previous peak set one year ago.
Read More »Home-Sale Prices Rise for First Time in Five Months
Today, a monthly budget of $3,000 can afford a home valued at $450,000—a far cry from the $510,000 home it could have purchased a year ago.
Read More »Secretary Fudge Works With Japanese Officials on Urban Solutions, Climate Resilience
Secretary of the Housing and Urban Development has signed a memorandum of cooperation with their Japanese counterparts to jointly pursue innovations in housing policy, urban planning, and climate resilience.
Read More »Stress and Homebuying Go Hand in Hand
Against the squeeze of rising home prices and low inventory, many homebuyers need solutions to ease the anxiety associated with purchasing a new home.
Read More »Home Appreciation Dips to 11-Year Low
Annual home appreciation relaxed, but CoreLogic predicts that the market will “start regaining steam” later this year.
Read More »The Impact of AI on the Real Estate Market
No one can say how long it will take AI to move into the underwriter’s office, but we know that’s not where it will start. New research from STRATMOR argues that the AI ripples have already begun to spread.
Read More »Aggregate 2022 Mortgage Lender Data Now Available to Review
The Federal Financial Institutions Examination Council (FFIEC) announced that data from 4,460 U.S. financial institutions on the state of 2022 mortgage lending activity as reported by the Home Mortgage Disclosure Act (HDMA) is now available to view.
Read More »Airbnb Rental Revenues Plummet, Listings Outpace Homes for Sale
As housing supply remains scarce, a new study from MarketWatch revealed there were 65% more homes listed for rent on Airbnb than listed for sale nationwide, while revenues per listing have dropped annually by nearly 50% in multiple cities nationwide.
Read More »Nearly 3% of all U.S. Mortgages Delinquent
CoreLogic reports that U.S. loan performance remains resilient, with delinquencies and foreclosures lingering near record lows, and the national overall delinquency rate increasing slightly from March to April.
Read More »Young Americans: Green With Housing Envy
A survey from Mphasis Digital Risk shows that a majority of younger Americans routinely go online to check the value of friends’ and neighbors’ home prices, and this act is causing them yet another form of stress.
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