An unexpectedly quick rise in interest rates, rising home prices and rents, and escalating lumber and material costs have significantly decreased housing affordability conditions,
Tag: home prices
Overall Rate Locks Up 19% in March
Black Knight, Inc. yesterday announced the release of its latest Originations Market Monitor report, looking at mortgage origination data through March month-end. Leveraging daily
More millennials buying homes
The Millennial Generation, now in their late 20s to early 40s, are entering the housing market in higher numbers than ever before. Just a
Tech city rents soar again
From Broadway lights to bustling offices, big cities are back – and so are surging downtown rental prices. Following sharp declines during the pandemic,
US median home price slips
August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000 – as seasonal norms signaled that 2021’s busiest
Vacant Zombie Properties Decline
ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,332,706)
Home prices make buyers ‘sad’
A combination of record-high home prices and historically-low inventory is causing more than half of prospective homebuyers, 52%, to feel “anxious and/or sad,” according
Most metro home prices surge
Continued low levels of housing inventory, combined with record-low mortgage rates spurring housing demand, have caused an increase in median sales prices for existing
Consumers back off home buying
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 3.9 points to 75.8 in July, as consumers continue to report concerns related to high home prices
Home inventory gets boost
New listings showed signs of a comeback in June as home prices broke a new record for the fifth month in a row at $385,000,