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Pending Home Sales Increase, Breaking a Six-Month Downturn
“This recent low point in home sales activity is likely over,” said Lawrence Yun, NAR’s Chief Economist. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates...
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Renting a Home Now Costs Less Than Homebuying
On average, the monthly cost of buying a starter home in December 2022 was nearly 50% higher than the cost of renting, according to Realtor.com's Monthly Rental Report.
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Report Reveals Signs of Improvement in Homebuying Affordability
MBA forecasts rates and home-price growth to soften, which “should help bring more prospective buyers into the market” come spring.
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Analyzing the Most Cost-Effective Regions for House Hunters
A new report from North American Moving Company examines median prices, tax rates, and other factors to determine 2023’s most affordable regions.
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The Average Home Seller Nets Over $110K in Profit
Both raw profits and return on investment have improved nationwide for 11 straight years, shooting up again in 2022 as the national median home price increased 10% to $330,000—another annual record.
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Housing Market Thaw Begins as Rates Continue to Slide
Freddie Mac reports the fixed-rate mortgage has fallen to its lowest level since mid-September, as buyers begin to return to the market ahead of the spring homebuying season.
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Most Homeowners ‘Well Positioned’ for Recession
“More than a decade of home price increases has given homeowners record amounts of equity, which protects them from foreclosure should they fall behind on their mortgage payments,” said Molly...
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Rise in Refis Steers App Volume Upward
The MBA reports a continued rise in borrower demand, as mortgage application volume rose for the third consecutive week, led by gains in both purchase and refi activity.
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Mortgage-Rate Drops Attract Homebuyers
According to a new report from Redfin, home prices saw a small increase in January as mortgage-rate drops begin to bring homebuyers back to the market.
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Biden-Harris Administration Announces Blueprint for Renters Bill of Rights
The blueprint lays out ways to drive action by the federal, state, and local governments.
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Household Growth Driven by Millennials in 2022
A new study from the Joint Center for Housing Studies revealed that annual household growth between 2019 and 2021 averaged between 2.0 million and 2.4 million per year, fueled primarily by...
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Nicole Booth Promoted to CEO of QC Ally
Former Rocket Mortgage executive is promoted to the CEO role of firm specializing in enterprise quality control, audit, and risk management needs.
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High Housing Costs Drove Relocation in 2022
As homebuyers nationwide face inflationary home prices, those who purchased a home relocated at an unprecedented rate in Q4, as elevated mortgage rates and economic uncertainty drove many...
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Appraisal Turn Times Show Improvement in 2022
A new study by Reggora has found that over the last 12 months, the time to process an appraisal has dropped steadily as volume has become more manageable per appraiser.
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Homebuying Power Up $16k in December
Housing market potential increased in November-December 2022 but remains lower than it was in December 2021.
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Veterans Remain Optimistic About Homebuying in 2023
A new Veterans United Home Loans survey revealed that high home prices are among the top reasons that impact the decision to buy a new home among service members and Veterans. However, many remain...
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Consumer ‘Retrenchment’ is Major Factor in Upcoming Recession
"In our view, the balance still suggests a modest recession, particularly if the Federal Reserve maintains its focus on labor market tightness,” said Doug Duncan, SVP and Chief Economist for...
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Inflation Impacting Millennial Homebuying Plans Nationwide
According to a new study from Real Estate Witch, inflation has impacted an estimated 92% of millennials' homebuying plans, indefinitely delaying home purchases for many prospective buyers.
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DOJ Agrees to $31M Redlining Settlement With City National Bank
Through this latest agreement, the Justice Department’s Combating Redlining Initiative has secured more than $75 million dollars in relief for communities that have suffered from lending...
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BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes...
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