According to Realtor.com's 2023 Housing Forecast, homebuyers will face home price increases throughout the nation’s 100 largest U.S. markets in 2023. However, those who can afford to purchase a home will find more available inventory than in 2021.
Read More »Major Metros Show Significant Home Price Gains in Q3
First-time homebuyers looking to purchase a typical home during Q3 have begun to feel the impact of nationwide housing's growing unaffordability. A new report from the National Association of Realtors revealed single-family existing-home sales prices grew in nearly every metro analyzed, as the national median home price climbed nearly 9% from 2021.
Read More »NAR Report Finds Fintech Apps Most Impactful Realtor Tools
The latest NAR Tech Survey revealed eSignature, Lockbox, and MLS apps/technology to be the three most effective technology tools for Realtors’ businesses, as nearly half of Realtors believe the metaverse will have a significant impact on real estate.
Read More »Rising Rates Hampering Housing Market Demand
The latest market report from Fannie Mae revealed a possible economic slowdown in coming months, which would reduce housing demand even further. Meanwhile experts predict prices and rents may stabilize or even fall in some markets within the new year.
Read More »Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase
The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.
Read More »Feds Aim to Return Financial Data Rights to Consumers
A new document outlines a list of proposals and alternatives under consideration for the Consumer Finance Protection Bureau’s data rights rulemaking—strengthening consumers’ access and rights to their financial data—through updates to the Dodd-Frank Act.
Read More »The Time Is Right
With the market shifting, here is why financial institutions should consider partnering with a mortgage servicer now.
Read More »Southern Regions Experience Surge in Migration
A recent survey from CraftJack showed that 1 in 5 Americans moved in 2021 following the onset of the pandemic. New data reveals that the South is seeing the greatest increase in migration, while the Northeast is losing the highest share of residents.
Read More »Homeowners Becoming Landlords to Retain Record-Low Mortgage Rates
Although the market frenzy has begun to slow, inflation and economic uncertainty are still prompting many Americans to hold off on significant financial decisions such as moving or buying a home, with rents rising nearly 10% year-over-year in September.
Read More »Nearly a Million Americans Fear Losing Their Home to Foreclosure
With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.
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