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 »HUD Expands Flood Insurance Options for Homeowners
A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
Read More »Examining the Balance Between Foreclosure and Employment
A new blog from First American questions whether or not the impact of an impending recession on the labor market will cause a "trickle" or "tsunami" in foreclosures.
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 »Nationwide Inventory of Active Listings Climbs Nearly 34% YoY
Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.
Read More »Fed Hikes Rates by 75 Points; Sixth Increase This Year
Another Federal Open Market Committee Meeting, another rate hike. At the conclusion of the FOMC’s November Meeting, the Committee raised rates by 75 basis points, the fourth consecutive such hike and the sixth of 2022.
Read More »Slowdown in Supply and Demand Force Sellers to Improvise
As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.
Read More »Whatever Happened to Starter Homes?
Due to increasing cost of land, zoning restrictions, and skyrocketing costs for building materials, starter-homes are becoming a dying trend. The latest market study from Point2 Homes explores the challenges facing first-time buyers.
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 »Black and Latino Homeownership Rates Rise in Nearly Half of U.S.
While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward.
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