"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.
Read More »U.S. Median Sales Price Experiences Modest Increase
According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines.
Read More »CFPB Seeks to Expand Homebuyer Options
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...
Read More »Record Share of Homebuyers Looking to Relocate
The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a ...
Read More »Austin Rents Skyrocket Nearly 50% YoY
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May —rising 15% year-over-year to a record high of $2,002— according to a new report from Redfin. That’s on par with April’s annual ...
Read More »Natural Disasters in 2021 Sparked Nearly $60B in Damage
CoreLogic reports that 14.5 million homes, or nearly one in every 10 homes, in the U.S. was impacted by natural disasters over the past year.
Read More »Home Price Gains Expected to Slow by December
With home prices on the rise to start the year, home price gains are projected to slow to a 3.5% annual increase by December 2022.
Read More »Second Home Mortgage Rate Locks Reach Record High
Pacaso released their Second Home Market Report, the most timely and localized data available for the top 50 second home markets. The report shows that in Q1 of 2021, the percentage of second home mortgage rate locks hit its highest recorded level, with the share ...
Read More »These Are the Areas Defying National Foreclosure Trends
Find out which counties in the U.S. saw foreclosure rates drop the most, contrary to the national trend, in a new report.
Read More »Consumers Weigh in On Fed Rate Cuts and Mortgages
With economists predicting a second rate cut around the corner, a recent survey from WalletHub examines how consumer think interest rate cuts will impact their mortgages.
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