The 13th Annual Five Star Government Forum is set for next week in our nation’s capital, bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues and work toward solutions.
Read More »Home Prices to Further Widen Wealth Gap
“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Housing Market Improves, but Low Inventory Hampers Future Gains
“A dip in mortgage rates brought some buyers off the bench in January, but the housing-market recovery was tempered by still-high housing costs and a limited number of homes being listed for sale,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Mortgage Rates Post Biggest Drop in 40 Years
According to Redfin’s most recent Housing Market Report, mortgage rates dropped from over 7% last week to 6.6% this week on better-than-expected inflation numbers.
Read More »Rent Growth Slows; Still Up 8% YoY
October marked the second month of single-digit rent growth following a year of double-digit gains, and the fifth month in which annual rent growth decelerated.
Read More »COVID-19 Boomtowns Report Higher-Than-Normal Inflation
People gifted with remote work overwhelmingly chose to migrate to the Sun Belt, resulting in higher housing costs, which weigh on inflation figures.
Read More »Report: Housing Market Still Reeling From Rates
According to a new report from Redfin, one-third fewer homes went under contract in October compared to last year.
Read More »Pandemic Migration Could Play Role in November Election
“The pandemic-driven wave of relocation to suburbs and rural areas—which tend to lean more conservative than city centers—made those toss-up places more diverse,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Mortgage Rate Gains Putting Pressure on Pending-Sale Agreements
Redfin reports that nearly 60,000 home-purchase agreements fell apart in June, as mortgage rates steadily climbed toward the 6%-mark, thus compounding affordability issues.
Read More »Budgets Stagnate When It Comes to the American Dream
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information comes to us from a new analysis by Redfin which found that ...
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