...These patterns align with recent sales, price, and rental trends that highlight greater real estate activity in the more affordable Northeast and Midwest. Similarly, the markets that top the Spring...
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Declining Home Prices, Softening Labor Market May Increase Foreclosures
...nominal house price growth has since decelerated by 18 percentage points to 3.1% in February." February 2023 Real House Price Index Highlights Real house prices decreased 0.2% between January 2023...
Read More »March Marks 14th Consecutive Month of Slowing Rent Growth
...market, affordability is shaping housing demand, with lower-cost areas continuing to see stronger rent growth, home price increases, and competitive real estate markets. Markets in the Midwest and Northeast are...
Read More »Home Investor Profits Take a Hit in March
...U.S. metropolitan areas for the report. Redfin defines an “investor” as any institution or business that purchases residential real estate, including both large companies and mom-and-pop investors. While most housing...
Read More »Existing-Home Sales Retreated in March
...homeownership offers a road to financial security and wealth development,” said NAR President Kenny Parcell, a Realtor from Spanish Fork, Utah, and broker-owner of Equity Real Estate Utah. “Rely on...
Read More »Mortgage Compliance Expert Michael S. Waldron Becomes Executive Advisor to Five Star Institute
Michael S. Waldron The Five Star Institute, a national trade association supporting the U.S. residential mortgage and real estate market, announced today that veteran regulatory compliance expert Michael S. Waldron...
Read More »Median U.S. Home Prices Experience Largest Drop Since 2012
...Redfin Real Estate Agent Shauna Pendleton. “That killed the buyer momentum that had been building and brought us right back to where we were last year when mortgage rates shot...
Read More »Measuring the Cost of Real Estate Wire Fraud
...exploit real estate payments. Not only has the volume and value of real estate transactions increased, creating more opportunities for fraud, but the criminals themselves have become progressively more sophisticated...
Read More »Black Homeowners Experience the Smallest Wealth Gains Nationwide
...dream of homeownership," said NAR President Kenny Parcell, a Realtor from Spanish Fork, Utah, and a broker-owner of Equity Real Estate, Utah. "Homeownership helps create long-term wealth and financial stability...
Read More »Rents Slowly Returning to Pre-Pandemic Levels
...to normal, which is healthy to some degree,” said Dan Close, a Redfin Real Estate Agent in Chicago, where the median asking rent in March was 9.2% lower than it...
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