Some markets have more listings than pre-pandemic days, but it’s still not easy to buy
Even with home prices not letting up, some markets have more homes for sale now than before the pandemic, according to a MarketWatch article that says six cities out of 50— San Francisco, San Jose, Calif., Seattle, Portland, San Antonio...
Rents still growing at double-digit pace in 10th straight month of increases
National rents grew at a double-digit annual pace (+15.5%) for the 10th straight month in May, but the amount was smaller—which could signal relief later this year. The U.S. median rental price hit its latest new high of $1,849…
Many homebuyers could qualify for lower rates but don’t know it
Many home buyers who believe they’re priced out of the housing market by high home prices and interest rates may qualify for a lower rate and don’t know it. “It is becoming increasingly clear that many would-be home buyers have no…
Existing-home sales drop in May in the 4th month of declines
Existing-home sales in May were down 3.4% from April, the fourth straight month of declines, and 8.6% from one year ago. May sales fell to a seasonally adjusted annual rate of 5.41 million. Month-over-month sales declined in three out of four…
Home affordability hits 15-year low as prices, mortgage rates rise
Mortgages are less affordable than at any time since at least 2007, the year before the mortgage crisis, due to relentlessly high prices and still-rising mortgage rates, according to a new market report from Zillow. Demand for homes has receded…
Nearly half of homebuyers purchased homes site unseen
The hot housing market is more competitive than ever, leading people to make faster decisions on home purchases and even, in many cases, buy a house sight unseen. nearly half (47%) of consumers who bought a home in the past…
How the Fed plans to “reset” the housing market
Last week, Federal Reserve Chair Jerome Powell finally elaborated on how its desire to combat inflation might help halt the housing market. Powell was quoted as saying that buyers need “a bit of a reset.”…
LGBTQ+ community face more barriers to homeownership
While many would-be homebuyers are struggling with the current market dynamics, one group is being hit harder than most. The rapid rise in the cost of a home has made it more challenging for members of the LGBTQ+ community…
Study: Homeowners have little incentive to free up supply by selling
Potential existing home sales decreased to a 5.62 million seasonally adjusted annualized rate (SAAR), a 2% month-over-month decrease, representing a 61.2% increase from the market potential low point reached in February 1993…
Cali home sales drop below pre-pandemic levels
Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…
Closings down year-over-year in May, but up from April
Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…
Q1 title insurance premium volumes up from a year ago
The title insurance industry generated $5.89 billion in title insurance premiums during the first quarter of 2022 compared to $5.68 billion during the same period a year ago, according to the American Land Title Association’s (ALTA’s) latest…
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Founder and CEO of LoanSense
Personal Finance YouTuber & Online Educator
Mortgage TikTok influencer and Loan Officer at NFM Lending
Mortgage TikTok influencer & loan originator at Financial Triangle Inc.
EVP and General Manager at SimpleNexus
EXEC SPOTLIGHT
Some markets have more listings than pre-pandemic days, but it’s still not easy to buy
Even with home prices not letting up, some markets have more homes for sale now than before the pandemic, according to a MarketWatch article that says six cities out of 50— San Francisco, San Jose, Calif., Seattle, Portland, San Antonio...
Rents still growing at double-digit pace in 10th straight month of increases
National rents grew at a double-digit annual pace (+15.5%) for the 10th straight month in May, but the amount was smaller—which could signal relief later this year. The U.S. median rental price hit its latest new high of $1,849…
Many homebuyers could qualify for lower rates but don’t know it
Many home buyers who believe they’re priced out of the housing market by high home prices and interest rates may qualify for a lower rate and don’t know it. “It is becoming increasingly clear that many would-be home buyers have no…
Existing-home sales drop in May in the 4th month of declines
Existing-home sales in May were down 3.4% from April, the fourth straight month of declines, and 8.6% from one year ago. May sales fell to a seasonally adjusted annual rate of 5.41 million. Month-over-month sales declined in three out of four…
Home affordability hits 15-year low as prices, mortgage rates rise
Mortgages are less affordable than at any time since at least 2007, the year before the mortgage crisis, due to relentlessly high prices and still-rising mortgage rates, according to a new market report from Zillow. Demand for homes has receded…
Nearly half of homebuyers purchased homes site unseen
The hot housing market is more competitive than ever, leading people to make faster decisions on home purchases and even, in many cases, buy a house sight unseen. nearly half (47%) of consumers who bought a home in the past…
How the Fed plans to “reset” the housing market
Last week, Federal Reserve Chair Jerome Powell finally elaborated on how its desire to combat inflation might help halt the housing market. Powell was quoted as saying that buyers need “a bit of a reset.”…
LGBTQ+ community face more barriers to homeownership
While many would-be homebuyers are struggling with the current market dynamics, one group is being hit harder than most. The rapid rise in the cost of a home has made it more challenging for members of the LGBTQ+ community…
Study: Homeowners have little incentive to free up supply by selling
Potential existing home sales decreased to a 5.62 million seasonally adjusted annualized rate (SAAR), a 2% month-over-month decrease, representing a 61.2% increase from the market potential low point reached in February 1993…
Cali home sales drop below pre-pandemic levels
Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…
Closings down year-over-year in May, but up from April
Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…
Q1 title insurance premium volumes up from a year ago
The title insurance industry generated $5.89 billion in title insurance premiums during the first quarter of 2022 compared to $5.68 billion during the same period a year ago, according to the American Land Title Association’s (ALTA’s) latest…
