According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of 185 measured metros experienced such price gains – up from 66% in ...
Read More »Financial Capacity Limits Pending Home Sales
According to the latest from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive months of transaction decreases. Year-over-year, pending home sales dropped 8.2% in March, marking the tenth consecutive month ...
Read More »Supply Chain Issues Impeding Builder Progress
The sale of new homes dipped in March with builder confidence diminishing, as builders continued to struggle to complete homes under construction due to a shortage of materials.
Read More »The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future
The Five Star Government Forum will once again bring together industry stakeholders and their government partners to Washington, D.C. to discuss the mortgage and housing landscape in 2022 and onward.
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 »Low Home Inventory Spurs Drop in February’s Pending Sales
Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide.
Read More »Pending Home Sales Fall for Third Month
NAR found that pending sales lagged again in January, and predicts a volatile market moving ahead in 2022.
Read More »U.S. Homeownership Rate Rises to Post-Recession High
By many metrics, 2021 was the best year on record for the housing market, millions flocked to the market snapping up anything they could afford due to rising prices and rock-bottom interest rates. But one metric in particular, the U.S. ...
Read More »Existing Home Sales Dipped in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall ...
Read More »Income and Equity Rise in Unison Over the Past Decade
As home prices fell about 30% from the peak level in 2006 from 2021, appreciation has rebounded, causing a surge in home purchases.
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