Housing market potential sagged to its lowest point since May 2020 in September, falling from August to an estimated 5.38 million at a seasonally adjusted annualized rate.
Read More »JPMorgan Chase Commits $15M to Increase Supply of Affordable Housing
In efforts to further combat the nationwide housing affordability crisis, JPMorgan Chase has announced $3 million in grants for five organizations across the U.S. to expand climate resilient affordable housing for Black, Hispanic, and Latino households.
Read More »YoY Bankruptcy Filings Increase for Second Straight Month
According to Epiq Bankruptcy's latest market analysis, the total number of filings increased an overall 7% in September, while commercial Chapter 11 filings increased nearly 80% over the last year.
Read More »Americans More Fearful of Home Prices Than a Recession
While 75% of Americans predict a recession within two years, their primary concern at the moment is continuing high home prices.
Read More »With New Net Listings Down, Housing Market Reaches Crossroads
HouseCanary's latest Market Pulse report shows decreasing demand has resulted in a sharp drop in new listing volume, resulting in an estimated 19% decrease nationwide compared to September 2021.
Read More »Studio Apartment Prices Lead Rent Charge
As prices on everything increase across the board, more and more are turning to renting—either by circumstance or by choice. Renting has traditionally been the cheaper option for those looking for housing, but as housing prices started their charge upwards ...
Read More »Americans Migrating Away from Metros
As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of Harvard University's State of the Nation’s Housing report released in ...
Read More »Mortgage Credit Availability Projected to Rise Due to Weakening Demand
As fewer buyers become unable to afford higher home mortgage costs, a new CoreLogic analysis revealed that rising interest rates and higher home prices continue to wear at homebuyer affordability. As a result, the diminishing demand from borrowers may lead ...
Read More »Adding Up: Rising Rates’ Financial Impact
Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice this year, is expected to have further increases for the foreseeable future. ...
Read More »Fed Raises Rates to Curb Inflationary Concerns
Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
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