With residential construction continuing to slow, the Fed’s rate hike of last week and its ripple effect on mortgage rates may push housing starts down for months to come.
Read More »Distressed Home Sales Down 2% YoY in April
NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.
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 »Interest Wanes in Second Homes and Investment Properties
Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.
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 »Ambitious Buyers Continue to Capitalize on Low Rates
For the third consecutive month, single‐family houses rose, as buyers cash in on low rates before a predicted hike in the coming months.
Read More »Rise in Rates to Impact Consumer Affordability
Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.
Read More »Lenders to Focus on Servicing to Achieve Financial Goals
A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.
Read More »Home Prices Surge in May
S&P CoreLogic Case-Shiller has found that home prices nationwide rose to new highs in May 2021, recording a 16.6% annual gain.
Read More »Housing Supply Limiting Market Potential
A new study finds that an eager crop of homebuyers is being shunned by higher prices as a result of short supply.
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