The latest Home Price Index (HPI) from CoreLogic covering June 2022 set a new milestone: it has now seen a record 125 consecutive months of year-over-year increases as home prices grew by 18.3% from June 2021. According to CoreLogic, though ...
Read More »June Records Record-High Home Price Growth Drop
The latest report from Black Knight did not carry good news as the company’s latest monthly Mortgage Monitor Report covering the month of June found that annual home price growth dropped by nearly two percentage points, the greatest single-month slowdown ...
Read More »More Than 2M Households Dissolved During Early Stages of COVID
Census Bureau reports a drop from 130.3 million homes to 127.6 million during the outset of pandemic, as younger adults gave up their independent living arrangements to move in with family.
Read More »Institutional Investment in SFR Properties on the Rise
Development of new build-to-rent homes has soared in 2022 compared to 2021, as the industry is projected to surpass 2021’s record-high 7,705 deliveries.
Read More »Home Seller Profit Increases Throughout U.S.
ATTOM released its Q2 2022 U.S. Home Sales Report, revealing that profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5%, following the largest quarterly gain in a decade. On the ...
Read More »J.D. Power Survey Spotlights Importance of Customer Trust in Servicers
According to the redesigned J.D. Power 2022 U.S. Mortgage Servicer Satisfaction Study released today, customer satisfaction suffers when there is a lack of trust in the servicer. As a recession seems increasingly likely and mortgage loan delinquencies are on the ...
Read More »Lenders Prioritizing Cost-Cutting Measures
As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially ...
Read More »Pending Home Sales Retreated in All Four Major Regions
According to the National Association of Realtors, pending home sales decreased in June, following a slight increase in May. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales ...
Read More »Growing Cities May Be First to Feel Recession
It’s no secret that the pandemic threw a wrench in the housing market upending traditional moving and migration patterns as those with the means fled crowded urban areas for the suburbs and beyond seeking less crowded and infected place with ...
Read More »A Housing Market ‘Grappling With a Mounting Affordability Crisis’
CoreLogic S&P Case-Shiller Index reports higher mortgage rates and recessionary concerns are taking a toll on buyer demand, as growth eased slightly in May from the pace of the prior two months.
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