CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest year-over-year appreciation recorded since April 2021, partially reflecting cooling buyer demand due to higher mortgage rates and housing trends prompted by the COVID-19 slowdown. Although U.S. home ...
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Reverse Mortgages Are Averaging $104K Back to Owners
“Despite the resurgence in tappable equity among U.S. mortgage holders, elevated interest rates are making homeowners reluctant to extract that wealth,” said Andy Walden ICE’s VP of Enterprise...
Despite Current Conditions, Most Americans Think Owning a Home Is Likely
"Now that we're seeing the beginning of an affordability turnaround, home buyers are still looking for markets where they can capitalize on lower prices," says Realtor.com Chief Economist Danielle...
Share of Prospective Homebuyers Waiting for Market Conditions to Improve Declines
According to Bank of America's latest Homebuyer Insights Report, the estimated number of prospective buyers willing to wait for prices and/or mortgage rates to fall before purchasing a home is...
Clearing the Path for Today’s Homebuyers
David Aach of Blue Sage Solutions shares his outlook for the coming year, exploring how advances in the tech space will propel the marketplace in 2024 and beyond.
Home Repair Expenses Steadily on the Rise
According to new data from Verisk, the cost of home repairs and remodeling in Q3 2023 jumped year-over-year, as the costs of materials used in home repairs continue to rise.
Experts: U.S. Remains Unprepared to Provide Housing for Millions of Americans
The Joint Center for Housing Studies has released Housing America’s Older Adults 2023 report, revealing that the older population is surging, presenting imminent challenges to supply housing and...
Experts: U.S. Remains Unprepared to Provide Housing for Millions of Americans
The Joint Center for Housing Studies has released Housing America’s Older Adults 2023 report, revealing that the older population is surging, presenting imminent challenges to supply housing and...
Inventory Will Remain Challenging, But More Options Should Manifest in 2024
In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.
Inventory Will Remain Challenging, But More Options Should Manifest in 2024
In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.
Median Monthly Mortgage Payment Declines as New Listings Rise
As inflation eases and mortgage rates fell from their highest level, housing payments declined. A new Redfin report reveals an uptick in new listings, and what the drop in monthly payments could...
Median Monthly Mortgage Payment Declines as New Listings Rise
As inflation eases and mortgage rates fell from their highest level, housing payments declined. A new Redfin report reveals an uptick in new listings, and what the drop in monthly payments could...
VA Surpasses Goal to House Vets in 2023
Through the month of October, the VA has housed more than 38,000 homeless veterans, reaching its goal two months early and prioritizing ending veteran homelessness as a top aim.
VA Surpasses Goal to House Vets in 2023
Through the month of October, the VA has housed more than 38,000 homeless veterans, reaching its goal two months early, and prioritizing ending veteran homelessness as a top aim for the Biden...
HUD to Provide Aid to At-Risk Renters
A new proposed rule would provide residents of public housing or in properties receiving project-based rental assistance 30 days' notice to cure lease violations for nonpayment of rent.
HUD to Provide Assistance to At-Risk Renters
New proposed rule would provide residents of public housing or in properties receiving project-based rental assistance 30 days notice to cure lease violations for nonpayment of rent.
Q3 Mortgage Lending Declines as Rates Climb
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Pending Home Sales Drop on Monthly, Yearly Basis
“Today’s data signal that home sales activity is likely to remain steady, at a low level, over the next few months as limited options and significant affordability challenges weigh on buyers,”...
Pending Home Sales Drop on Monthly, Yearly Basis
“Today’s data signal that home sales activity is likely to remain steady, at a low level, over the next few months as limited options and significant affordability challenges weigh on buyers,”...
Will the Housing Market Crash Next Year?
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Homebuyer Affordability Conditions Slipped Further in October
The MBA reports that the average national median mortgage payment rose to $2,199 in October, a $143 year-over-year rise. Here are the factors that were “dissuading would-be buyers from entering...