Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Rents Cool Nationwide as Rental Supply Continues Upward Trend
While housing supply remains on the upswing, the median U.S. asking rent fell 0.6% year-over-year to $1,995 in May—the largest annual decline since March 2020—according to a new report from… Read more »
Bidding Wars Heating Up for Starter Homes
A new report from Zillow has found that entry-level home shoppers are dealing with faster-rising prices and more competition than those seeking more expensive homes. “Buyers shopping for the least-expensive… Read more »
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed… Read more »
4 Luxury Home-Staging Trends for 2023
Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy…. Read more »
Record apartment supply is good for mortgage rates
What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal… Read more »
15 million renters pay more for housing than they can afford. Here’s how to figure out if you’re one of them
Gremlin | E+ | Getty Images There’s often a chasm between theory and practice, what we should do and what we actually do. Yet, when it comes to the long-held… Read more »
In this volatile housing market, here’s how to know when the bottom is in
New homes at the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images… Read more »
New Home Purchase Mortgage Applications Decrease in January
The Mortgage Bankers Association‘s (MBA) Builder Application Survey (BAS) data for January 2023 shows that mortgage applications for new home purchases decreased 3.5% compared to a year ago. Compared to December 2022, applications increased by 42%. This change does not include any adjustment for… Read more »
1-in-20 Homes Now Valued Over $1M
Hot is just one of the words you could use to describe the housing market over the last two years, with demand significantly outpacing supply, which had a major impact… Read more »