Rising Rates Leave Fewer Affordable Home Options
New research conducted by First American has found that as mortgage rates have steadily risen (and look to continue this trend based on commentary from the Federal Reserve’s Open Market… Read more »
August Inventory Holds Steady; Market Remains 600,000 Units Short
After posting gains this summer, for-sale inventory levels stalled in August growing at a fraction of the rate seen in recent months as sellers are more frequently choosing to remain… Read more »
New Home Purchase Apps Rebound in August
In August 2022, the Mortgage Bankers Association (MBA) reported that mortgage applications for new home purchases decreased 10.1% compared to August 2021. Data recorded in the MBA’s Builder Application Survey… Read more »
Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day… Read more »
Raise the Roof: Housing Starts Spike in Surprising Reversal
Housing starts, which have been falling for most of this year, surprised many observers by rising significantly in August—though low building permit numbers are foreshadowing more rough times ahead. Up… Read more »
Opinion: Stop subsidizing Wall Street buying up homes
No serious observer of today’s economy doubts that it is harder and harder for everyday folks to buy a home. This is especially true for first-time homebuyers across the country,… Read more »
High Housing Costs Unlikely to Moderate
As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of… Read more »
Homes for Sale Spending More Time on Market
Realtor.com’s latest housing data release for August reveals that listing prices decelerated for the third month in a row, as more sellers hit pause on listing homes and homes for… Read more »
Student Loan Forbearance Extended Until January 2023
Federal student loan borrowers who still have remaining balances are getting one final extension — this time until January 2023. The latest reprieve — it’s the seventh extension, for those… Read more »
The Average Home Cost Has Surpassed $400k For First Time
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared… Read more »