“But real estate is local, and there are markets where annual price growth isn’t just slowing, but prices are falling from recent peaks,” said Mark Fleming, Chief Economist at First American Financial Corporation.
Read More »Encouraging Landlords to Accept Housing Choice Vouchers
A new study from the Urban Institute examines why landlords are hesitant to accept housing vouchers, despite most of the rent being government guaranteed. Studies show many landlords do not want to rent to voucher recipients for personal reasons, some bureaucratic.
Read More »CFPB Addresses Consumer Reporting Companies’ Investigation Practices
New research from the CFPB revealed that when consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment, and more.
Read More »Banner Year for Most Expensive ZIP Codes
This year shattered records across the board; so much so that 14 ZIP codes now have average median property values of $4 million.
Read More »October Pending Home Sales Took Biggest Monthly Tumble Since 2013
As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline since 2013.
Read More »Natural Disaster Impacts on Consumer Behavior and Home Prices
A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.
Read More »Prepayments Fall; Foreclosures Rise
Black Knight’s first look at month-end data for October 2022 found prepayment activity reaching a new low.
Read More »The Convenience Factor: Grocery Store Proximity and Home Values
Those looking to flip homes for the best return should look near certain grocery stores which have been proven to raise nearby home values.
Read More »Gen Z: Economic State Making it Harder to Save
A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.
Read More »Total Mortgages Drop at Fastest Annual Pace in Two Decades
Residential mortgages issued in Q3 of 2022 were down nearly 19% from an estimated 2.4 million in Q2, while the volume of loans in Q3 also dipped 22% from $820 billion in the prior quarter.
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