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 »Investor Home Purchases Fell a Record 49% YoY in Q1
While real estate investors bought up a large number of homes during the pandemic, a new report from Redfin revealed investors purchased 48.6% fewer homes in Q1 of 2023 than a year earlier, outpacing a 41% drop in overall home purchases.
Read More »Survey Examines Recent Homebuyer/Seller Sentiment
A new survey conducted by Clever Real Estate examined homebuyer and seller regrets about their recent experiences, including looks at post-purchase financial struggles and how many of those surveyed view now as a good time to engage with the housing market.
Read More »Homebuyers Leaving Their Hometowns in Search of Affordability
As many Americans are leaving their hometown in search of more affordable areas, elevated mortgage rates and a shortage of inventory continue to deter U.S. homebuyers, as overall home sales dropped 22% from a year earlier in April.
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 »Study: Where Home Prices Are Rising and Falling Nationwide
Home prices are falling by double digits in popular metros like the Bay Area and rising by double digits in South Florida cities like Miami, according to Redfin.
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 »Opportunity Zones Holding Up Slightly Better Than Other Local Markets
According to ATTOM, median home values declined in 52% of Opportunity Zones in Q1, standing firmer than other local markets nationwide.
Read More »