Home purchases fell through at a rate of 15.7% in August, a number which is up 14.3% year-over-year and the highest number recorded since October 2022.
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Homebuying Power Weakens as Housing Affordability Plummets
Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, sending housing affordability to its lowest level in more than three decades.
Read More »Suburban Housing Markets Faring Better Than Cities
According to a new report from Redfin, home values are holding up better in suburban areas than in cities, which have seen an influx of residents due to remote work.
Read More »Lennar Partners With Blend to Power its Lending Arm
Blend has announced that Lennar, the Florida-headquartered homebuilder, has selected Blend's technology to power Eagle Home Mortgage, the homebuilder’s financing arm. The California-based mortgage technology provider will help streamline the mortgage application process for Lennar by reducing friction throughout the ...
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