5 Reasons Home Equity Loans Are Coming Back
This piece originally appeared in the April 2022 edition of MReport magazine, online now. After more than two years of a pandemic-inspired housing boom, the housing market is quickly shifting… Read more »
Category: Featured
Median Prices Rise in the Least Affordable Metros
San Diego recently surpassed San Francisco as the nation’s least affordable metro area, as home prices rose 14.3% year-over-year. The latest OJO Labs unaffordability report showed San Diego bypass both San Francisco and… Read more »
The Nation’s Most Expensive Zip Codes
When it comes to homes, consumers want it all: Amazing location, square footage, and a reasonable price. However, most homebuyers find it difficult in searching for a home with all… Read more »
Pending Home Sales Slide 2.2% in November
According to the National Association of Realtors (NAR), pending home sales slipped in November, dropping 2.2.% from October as found by NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator… Read more »
Zillow to Close iBuying Division
Zillow, a Seattle-based real estate and financial services company, has announced the closing of its iBuying division Zillow Offers effective immediately. The move represents a significant move away from one of its core means of revenue and the elimination… Read more »
Bidding Wars Dropped to 2021 Low in September
In September, 58.9% of home offers written by Redfin agents faced competition, a record low for 2021, according to a new report. That’s down from a revised rate of 60.8%… Read more »
The Week Ahead: The Pandemic’s Impact on the Rental Market
On Friday, October 29, the Joint Center for Housing Studies of Harvard University will present the virtual session, “How Have Renters Responded to Financial Stress in the Pandemic?” from 11:15… Read more »
Mortgage Rates Dip and Continue to Hover Below the 3% Mark
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) has shown that the 30-year fixed-rate mortgage (FRM) averaged 2.86% for the week ending September 16, 2021, down slightly from last week’s… Read more »
Despite Rise in Inventory, Mortgage Application Volume Declines
The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found mortgage applications sliding 1.9% from one week earlier. The MBA’s Market Composite Index, a measure of… Read more »
Home Prices Hit 45-Year High
Record high home prices compounded with a shortage of available units have caused home prices to shoot up 18% on average across the nation. CoreLogic’s latest Home Price Index (HPI) and HPI… Read more »