California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country
Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved...
As Inventory Increases, Many Buyers Still Waiting on the Sidelines
Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease...
Mortgage Application Volume Jumped 15.6 Percent Last Week as Rates Edged Down Slightly
Mortgage application volume took one of the largest jumps in over a year last week, increasing an impressive 15.6% on an adjusted basis compared...
Poll: A Majority of Americans Say Government Officials Are Failing to Address Affordability
A majority of Americans agree the U.S. is in a housing affordability crisis and that government officials at all levels aren’t doing enough to...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Home Prices Falling in Certain Markets as Some Listings Linger Longer
Home prices are dropping for the first time in years in certain U.S. metros, including Austin (down 2.9% year over year), San Antonio (down...
Strong Jobs Report Keeps Inflation Concerns High
The U.S. economy added 272,000 jobs in May - above expectations - but the total number of unemployed increased to 6.6 million, raising the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...
NAHB: Builders Currently More Focused on Single-Family Production Over Multifamily
In response to strong demand and lack of inventory, homebuilders are currently focusing on single-family production over multifamily production, according to a recent report...
ICE: U.S. Home Price Growth Cooled in April
U.S. annual home price growth cooled in April, falling to 5.1% - down from a revised 5.7% in March and down from 6.1% in...
U.S. Home Prices Increased 1.1 Percent in April
U.S. home prices continued to increase in April, rising 1.1% compared with March and up 5.3% compared with April 2023, according to CoreLogic.
All states...
For Gen Z, Housing Affordability Is the Key Election Issue
According to a new survey and report from Redfin, 91% of adult Gen Zers say housing affordability is important when considering who they will...
MBA: Homebuyer Affordability Continued to Decline in April
Homebuyer affordability continued to erode in April, as the national median mortgage payment applied for by purchase applicants increased to $2,256, up from $2,201...
Pending Home Sales Tumbled 7.7 Percent in April, Dragged Down by Rising Mortgage Rates
Due to rising mortgage rates, pending home sales decreased 7.7% in April compared with March and were down 7.4% compared with April 2023, according...
FHFA: Home Prices Continued to Rise at a Steady Pace in Q1
U.S. home prices increased 1.1% in the first quarter compared with the fourth quarter and were up 6.6% from the first quarter of 2023,...
Home Prices Hit Ninth All-Time High in the Past Year
Despite higher mortgage rates, U.S. home prices continued to rise in March, increasing 0.3% on a seasonally adjusted basis compared with February and up...
NAHB: It Takes 38 Percent of the National Median Income to Afford a Median-Priced...
It currently takes about 38% of a typical family’s income to make a mortgage payment on a median-priced new single-family home in the U.S.,...
New Home Sales Fell 4.7 Percent in April Due to Higher Mortgage Rates
New home sales in April were at a seasonally adjusted annual rate of 634,000, a decrease of 4.7% compared with March and down 7.7%...
NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent
Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April.
According to the National Association of Realtors (NAR), existing-home sales...
Zillow Home Loans Rolling Out New Tool to Help Borrowers Assess Affordability
Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford.
The new tool, BuyAbility, gives buyers a...