Typical monthly mortgage plunges from all-time high recorded in April
The latest adjustment marks the lowest a typical payment has been in 6 months — and, with a mere 1% month-over-month increase, the smallest uptick in 5 years, according to a Redfin analysis
by Richelle Hammiel Aug 15
The market is harder for millennials than it was for boomers: Report
A new report in 'The Wall Street Journal' found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today.
by Taylor Anderson Aug 12
Affordability: It's not just high mortgage rates and home prices
Rising cost of construction, insurance and property taxes creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell
by Matt Carter Aug 1
Housing inventory growth doesn't guarantee greater affordability
In June, 5 of the top US markets showed improvement in housing affordability and supply, according to First American, while other markets with more inventory still saw rising costs
by Richelle Hammiel Jul 30
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall
by Matt Carter Jul 22
Housing inventory is climbing back. So why are leads still lagging?
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey
by Jim Dalrymple II Jul 15
Median home sale price in US rises to record high as transactions dip
The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
by Ben Verde Jun 21
Home prices hit record high for the 6th time in 12 months
National home prices jumped 6.5% in March from a year earlier to a new record high with the Northeast leading regionally
by Ben Verde May 28
home prices increased in June
Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday
Biden proposes $5K tax credit for first-time buyers in SOTU address
The set of new housing initiatives also includes a 1-year tax credit of up to $10K to households that sell their starter home. NAR applauded the president's commitment to aiding the industry
Homebuyer purchase loan demand falls again as mortgage rates firm
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
by Matt Carter Feb 7
Pending home sales fall to lowest level in more than 20 years
Pending sales fell 1.5% month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001
by Ben Verde Nov 30
Canadian officials looking for ways to decrease the number of Airbnbs
Under pressure to add more housing supply, officials say they're looking at ways to decrease the number of short-term rentals in the country
by Taylor Anderson Nov 21
Builder sentiment falls again, but lower inflation a cause for optimism
October saw builder confidence in the market for newly built single family homes fall 6 points to a measure of 34, the lowest level since December 2022
by Ben Verde Nov 16
This trend has cost New York City over 100,000 apartments
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units, according to 'The New York Times'
by Ben Verde Nov 3