Blog
WHERE DID HOMES FOR SALE INCREASE THE MOST IN CALIFORNIA?
The number of active U.S. listings rose 8% year over year in May, likely driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. Listings were down 12% year over year in April. Th...
DEMAND FOR SECOND HOMES TAKES A SHARP DOWNTURN
Sky-high prices, loan-fee increases and financial-market weakness are putting a dent in demand for vacation homes, which soared during the pandemic. There’s still more demand for second homes than there was before the pandemic. Demand for...
ADJUSTABLE-RATE MORTGAGE DEMAND HITS HIGHEST SINCE 2009
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.37% from 5.20%, the highest rate since 2009. The adjustable-rate mortgage share of applications last week...
WILL HOUSING INVENTORY FINALLY INCREASE THIS YEAR?
Survey data suggests some relief is on the horizon for Americans grappling with one of the worst housing shortages of all-time. Almost two-thirds (64%) of prospective 2022 sellers anticipate listing a home within the next six months and with hi...