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 »Budget Challenges Persist for Homebuyers
In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market for homes, the Realtor.com Economics team has conducted a randomized survey of visitors to listing and search result pages in their latest ...
Read More »Report: Home Prices Will Continue to Decelerate
In the month of June, housing markets in the Western U.S. began to show signs of slowing, as S&P CoreLogic Case-Shiller data found a 1.9% overall month-over-month slide in the price of houses across the U.S.
Read More »Three of Four Regions Post Declining Home Sales Numbers
The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in ...
Read More »Fall in Housing Permits Gives Way to Rise in Multifamily Construction
HUD and the Census Bureau reported housing starts dipping 9.6% below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability challenges.
Read More »Have Forbearances ‘Reached a Floor?’
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types.
Read More »The Week Ahead: Due Diligence in the Non-QM Space
An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams.
Read More »A Housing Market ‘Grappling With a Mounting Affordability Crisis’
CoreLogic S&P Case-Shiller Index reports higher mortgage rates and recessionary concerns are taking a toll on buyer demand, as growth eased slightly in May from the pace of the prior two months.
Read More »Median Rental Price Hits New High for 16th Consecutive Month
Despite the U.S. median rental price reaching a new high in June, climbing mortgage rates drove monthly starter homeownership costs up nearly 30%—an estimated $561 higher than rents.
Read More »Dip in Housing Starts Boosting Inventory
While single‐family housing starts were down in June, home buyers today are presented with more options, as new-home inventory is accounting for a bigger share of the total housing supply.
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