Author Archives: Rod Patershuk

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 »

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 »

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 »

Delinquencies, Starts Rose In June But Stayed Below Pre-pandemic Levels

Mortgage delinquencies and foreclosure starts increased in June but ultimately stayed below pre-pandemic levels, according to Black Knight’s First Look at June 2022 data. The national delinquency rate rose by… Read more »

Generation Gap: How Americans’ Preferred Housing Styles Vary by Age

As homebuyers continue their house hunt, finding a home that’s perfect is not just about the right timing and price —it’s also about finding the right style. HomeAdvisor conducted recent… Read more »