Homebuyers are adjusting their purchasing strategies in wake of current market conditions, according to a new survey from RE/MAX, that showed condos, fixer-uppers, and tiny homes are becoming popular trends among American homebuyers.
Read More »Pending Sales Push Past 8% in December
On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »Rent Prices Decline for Eighth Consecutive Month
Great news for renters: rent prices are trending downwards to an average of $1,900 for a typical two-bedroom apartment.
Read More »Frozen Out: House-Hunters Stay Home in Face of Harsh Weather
According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.
Read More »Cenlar Appoints New SVP of Default Operations
Mortgage loan subservicer adds former SVP at Mr. Cooper Ingrid Jaschok tapped to oversee all business segments within Cenlar’s default servicing portfolio.
Read More »CFPB Further Cracks Down on ‘Junk Fees’
After proposing a new rule last week to close a junk fee loophole, the Consumer Financial Protection Bureau has proposed a new rule to stop junk fees at the time of payment.
Read More »December Housing Trends: Positive Signs for 2024?
According to the RE/MAX National Housing Report, home sales dropped year-over-year in December, but experts project that with mortgage rates continuing their downward trend, homebuyers that have been priced out or pushed to the sidelines may begin to creep back into the market.
Read More »Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back to the early 1970s.
Read More »Lack of Homes for Sale Stalls Potential Price Drops
As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.
Read More »Climate Risk Takes Center Stage at FHFA Forum
FHFA recently hosted the Fall 2023 Econ Summit, an exchange of ideas on climate change and insurance; land use and risk modeling; and the impact of disaster risk on home prices.
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