Market Studies

According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable option for many Americans.

According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home purchases in June.

Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.

Homebuyers are turning to newly built properties amid the severe inventory shortage, according to a new market report from Redfin, which revealed new construction homes made up 31.4% of single-family homes on the market nationwide in Q2.

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

While racial disparities in housing pose challenges for homebuyers nationwide, a new report from LendingTree revealed that in the 50 largest U.S. metros, Black Americans are nearly 2% more likely to be denied a mortgage than the overall population.

The last market peak occurred in June of 2022 when the real estate market set its all-time high of $46.6T, but now a shortage of homes has propped up sales, pushing valuation numbers ever skyward.

Among Americans who don’t currently own a home, 51% say they’re worried they will never attain homeownership, according to a new survey from LendingTree. Mortgage rates topped 7% last month and home prices hit new highs in June.

With an estimated 2,200+ structures reported destroyed or damaged in Hawaii, 86% of them residential homes, the GSEs are offering guidance for homeowners impacted in the region.

Ann Thorn, Wells Fargo’s Head of Home Lending Servicing, discusses takeaways from her first two years on the job and how her team is working to implement the bank’s vision for a much-reduced servicing portfolio.