Mortgage Rate Declines Could Boost Home Sales Following Months of Low Activity
Encouraging economic news bumped mortgage applications up by 2.6% for the week ending May 3
American Families Are Spending a Quarter of Their Income on Mortgage Payments
The average monthly mortgage payment is up more than 9% year-over-year
Is Fractional Homeownership Any Kind of Solution for Housing Attainability?
The imbalance between housing supply and demand is spurring some innovative options within the real estate industry
States Seek Long-Term Solutions to Reform Property Taxes
Rising home prices typically lead to higher property tax assessments, which has been the case in many Mountain West states, prompting lawmakers to grapple with property tax relief
Metros Where Housing Prices Have Doubled in Less Than 10 Years
Historical data show it's taken less than 10 years for home prices to double in 68 of the country’s 100 largest cities
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Demographics
Banks Step in to Shrink Black Homeownership Gap
More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities. In Washington, DC, one firefighter…
Housing Markets
10 Cities at Greatest Risk for Possible Housing Crisis
Realtor.com warns of a housing crisis on the horizon for 10 US cities with the highest number of delinquent FHA loans. In August, nearly 17.4% of…
Affordability
Current Home Prices Are Too Costly for Average Homeowner
In the majority of US counties, the current median price of a home or condo is far too expensive for an average homeowner. CNBC reports that 63%…
Financing
Should Buyers Wait for Lower Mortgage Rates?
With mortgage rates fluctuating over the past six months, dipping down to record lows, it makes sense why some buyers would be unsure of when to…
Market Data + Trends
The Best Suburbs for Rentals With Maximum Space at Lowest Price
It’s not just homebuyers who are interested in more space, renters need accommodations for their life changes as well, and many still need to stay…
Affordability
Home Affordability Dropped Slightly in July
The National Association of Realtors reports that the median household income increased in July, but median home prices advanced at a higher rate…
Financing
New Record Low Mortgage Rates Bring Buyers Relief
Mortgage rates hit another new low this week, according to Freddie Mac. For 30-year fixed-rate mortgages, the most common type of loan, interest…
Financing
Mortgage Demand Sees Atypical Year-Over-Year Surge of 40%
At this time of year, the housing market typically begins slowing with mortgage applications to purchase a home at single digit year-over-year…
Home Purchase Sentiment Rises, Though Still Trailing Behind 2019
Housing market confidence rose in August after a slight dip back in July, but current sentiments are nothing compared to last year’s confidence.…
Bidding Wars Continue to Rage On
For the fourth month in a row, Redfin reports more than half of homes listed on the site ended in a bidding war. Listings which received at least…
