According to a new analysis by Zillow and Thumbtack, utility bills, property taxes, insurance and essential home maintenance can add up to nearly $14,155 for the average homeowner, or an additional $1,180 per month on top of a typical mortgage payment.
Read More »Q1 Mortgage Lending Falls to 20-Year Low
Total residential loans dropped 19% in the first quarter of 2023, reaching the lowest point since 2000; refinancing was also down 85% year-over-year.
Read More »Home Price Gains Slow to Levels Last Reported in 2016
As reported by Realtor.com, home prices rose by 0.9% in May 2023, landing below numbers during pandemic and going further back to 2016.
Read More »Real House Prices Increased 3.2% in March
While the Real House Price Index found that home prices, and therefore affordability, decreased across the country, median household income has increased 4.1% since January 2022.
Read More »Case-Shiller Index: Housing Prices Continue Recovery
The Latest S&P CoreLogic Case-Shiller Index found that the national index posted a 1.3% increase in March 2023 over the previous month.
Read More »MI Industry Supports $400B-Plus in Mortgage Originations in 2022
Mortgage insurers reported that over one million borrowers utilized low down payment programs in order to secure a mortgage for a home; about 97% of these purchases helped people buy new homes and first-time buyers get into one.
Read More »Pending Home Sales Index Offers Mixed Bag of Results
NAR’s latest report reveals pending home sales were down across the U.S. on a year-over-year basis. Click through to find out what else the report revealed.
Read More »Home Seller Concessions Increase by 17% YoY
“Some buyers are asking sellers for the sun, the moon, and the stars in addition to offering below the asking price, and some are requesting no extras because they’re so motivated to secure one of the few homes on the market,” said Boise, Idaho Redfin agent Shauna Pendleton.
Read More »Freddie Mac: Economic Risk Sill a Threat Due to Stubborn Inflation
According to Freddie Mac’s latest report, stubborn inflation is a major concern for the housing market and the economy as a whole. Click through to find out what else Freddie Mac found during Q1.
Read More »Median Home Prices Fall Up to $80k Across the Country
Boise, Idaho and Austin, Texas experienced the biggest drops in home prices as U.S. median home sale prices fell 4.1% across the board. Click through to see what that decline represents.
Read More »