Potential is defined as the latent ability for a thing to develop into something bigger in the future. Currently, the housing market is trying to find a new “post-pandemic norm” amid an environment of rising interest rates, record-high inflation, and ...
Read More »As Prices Rise, Homes Staying on the Market Longer
With costs continuing to rise and buyers increasingly priced out of their local markets, a Redfin report examines how long houses are remaining up for sale before purchase as a result.
Read More »Second-Home Sales Up 200% During Pandemic
While the pandemic caused many people to reassess their living situations as the virus began ravaging the country during the first quarter of 2020, many made hard decisions, some went the complete opposite way by doubling down and purchasing a ...
Read More »Fannie Mae Revises Housing Outlook, Adjusts Recessionary Predictions
The confluence of market forces that are currently weighing on the market is shaking up long-term forecasts. Here’s why Fannie Mae Chief Economist Doug Duncan thinks “it’s unlikely the economy will avoid a modest recession.”
Read More »First Mortgage Default Rate at Highest Level Since September 2020
The default rate for first mortgages is at a recent high. Click here to see the overall credit default rate and how major cities fared last month.
Read More »Five Months of Existing-Home Sales Declines
For the fifth consecutive month, existing-home sales dropped as three of the four major geographic regions of the country experienced month-over-month declines. On a yearly basis, sales sank in all four regions. All-in-all, total existing home sales for June 2022—which ...
Read More »Single-Family Rent Growth Remains at Record High
CoreLogic has released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. CoreLogic did not have much good news to report for the month of May 2022 as single-family rent growth ...
Read More »New Listings Prop Up June Inventory
The nation’s inventory levels were boosted by new listings in June, contributing to a third consecutive month of supply growth.
Read More »Where Can Renters Find the Best Deals?
While homeownership is one of the cornerstones of the American Dream, realistically owning a home is just not in the cards for segments of the population. Renting, either by choice or by circumstance, will be the primary way they house themselves ...
Read More »$29B in Claims Denied After Severe Storms
Over the last five years, nearly $30 billion in storm and disaster related claims were not paid out by insurers, a number expected to rise as climate-related disasters become more common.
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