In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.
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In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.
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As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially ...
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According to the Realtor.com Monthly Rental Report, new data indicates that rental competition remained persistent in April, as the U.S. median rental price hit a new high —$1,827— for the 14th month in a row. These trends highlight affordability struggles ...
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