Apr 18, 2024 | News
Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers. The average daily mortgage rate this week surpassed...
Apr 18, 2024 | News
The median monthly housing payment for U.S. homebuyers rose to a record $2,775 during the four-week period ending April 14, up 11% year over year, according to a Redfin report. The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday,...
Apr 17, 2024 | News
Recent research from CBRE indicates that prime multifamily assets have seen a slight improvement in going-in cap rates, exit cap rates, and unlevered internal rate of return (IRR) targets in Q1, 2024. This marks the first improvement since early 2022, when the Federal...
Apr 17, 2024 | News
When they say housing leads the U.S. economy into and out of a recession, they’re correct, as housing starts fall into a recession and rise when we are recovering. Economic cycles follow a familiar pattern, however, each one is unique in its way. In 2022, many...
Apr 17, 2024 | News
George Rose/Getty Images Construction on new homes declined unexpectedly last month, in a troubling sign for homebuyers already grappling with a dearth of homes for sale. Housing starts in March dropped 14.7% from February to a seasonally adjusted annual rate of 1.321...
Apr 17, 2024 | News
In the wake of the recent NAR settlement, coupled with persistently sluggish home sales and high interest rates, real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their...
Apr 17, 2024 | News
Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. Applications were up 6.2% from March 2023, according to the Mortgage...
Apr 17, 2024 | News
12% of Florida respondents who have faced insurance changes have been dropped by their insurance company—an increasingly common trend as insurers back out of flood-prone areas. The share is almost as high in fire-prone California. Nationwide, one-third of homeowners...
Apr 17, 2024 | News
Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where...
Apr 16, 2024 | News
Nevada Gov. Joe Lombardo (R) has submitted a letter to President Joe Biden, urging him to decrease federal spending and to take action on affordable housing issues. “A particularly acute concern to Nevadans is the housing market, which is reeling from the combined...
