Remote work has allowed more to migrate to the suburbs and rural locations, areas where homes with high fire risk are selling for an average of $120,000 more than in lower-risk areas.
Read More »More Homeowners Are Staying Put Longer
With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.
Read More »Single-Family Housing Market Shows Signs of Slowing
Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.
Read More »Annual Home Price Growth Projected to Moderate by 2023
CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for March 2022. U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high. Even with the past year’s streak of double-digit price ...
Read More »More Than Half of U.S. Homes Sold Above List Price
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate remained at a 12-year high of 5.1%. “Rising mortgage rates are taking ...
Read More »Rate Environment Putting the Squeeze on Housing Market
Upward trends in mortgage rates and median prices are forcing more back to the sidelines to re-consider their housing options.
Read More »Early-Stage Homebuying Demand Beginning to Falter
It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest rates is finally starting to trickle down to the housing market. According ...
Read More »GSE Forecast: Rise in Rates to Temper Housing Demand
In its Quarterly Forecast, Freddie Mac predicts that continued inventory issues will keep the housing market competitive in Q1.
Read More »Mortgage Rate Increases: How They’re Impacting Housing Demand
Experts say over time, percentage growth will slow demand and put an end to double-digit annual price growth.
Read More »Inventory Issues Not Enough to Slow Surging Demand
The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options.
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