"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.
Most Recent Articles
5.8 Million Opened First-Ever Lines of Credit in 2021
New-to-credit consumers on the rise, with credit cards being the most common option.
Highest-Ranking Retirement Destinations May Not Be Where You Think
According to a new StorageCafe study, while Florida boasts two of the top three metropolitan areas for retirees, half of the nation’s best retirement destinations were found in the Northeast, with...
Home Prices Trend Downward Nationwide in November
For the fifth consecutive month, the S&P Dow Jones Indices reported declining home prices in the U.S., as potential buyers took a bigger step back from the market.
Examining Homeownership Gender Gaps
Single women own an estimated 2.64 million more homes than single men nationwide, according to a new LendingTree study, and are more likely to own their homes. Click here to see where the...
Homebuyer Assistance Programs Increase for Fifth-Straight Quarters
A new report found an upward trend in new homebuyer assistance programs amid difficult homebuying conditions.
FHA-Insured Mortgage Loss Mitigation Plans Extended
Pandemic-era loss mitigation plans have been expanded and extended by the FHA going forward. Click through to find out what that means for borrowers and servicers alike.
Homebuyers Return as Market Shifts Toward Their Favor
According to a new Redfin study, as homebuyers adjust to 6% mortgage rates, more homes have gone under contract in January than in the entire fourth quarter, up from a low in November and December.
Potential Homebuyers Opting to Rent Rather Than Buy
The share of families living in apartments has reached the highest level in half a century, as a new RentCafe study shows more of those who could purchase a home are choosing instead to rent.
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...
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.
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.
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.
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.
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.
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...
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.
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.
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.
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...
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.