Mortgage Rates are Rapidly Approaching 5 Percent
The average rate on the 30-year fixed mortgage increased to 4.72% from 4.67% last week, according to Freddie Mac. The average 30-year mortgage rate was just […]
Residential Real Estate
Survey: More Listings are About to Hit the Market
More than two in five (44%) of Gen Zer homeowners (age 18-25) and over a third (35%) of Millennial homeowners (age 26-41) saying they plan […]
Inflection Point: Is the Hot Housing Market About to Cool Down?
Years of historically low interest rates, economic growth and government stimulus policies have contributed to an epic recovery in real estate values since seeming to […]
Typical Home Flipping Profit Drops to $68,847
The gross profit on typical home-flipping transaction (the difference between the median sales price and the median paid by investors) stood at $68,847 in the […]
Five Million More Homes Needed to Accommodate New Household Growth
According to new research from Realtor.com, the U.S. is short 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million. […]
Mortgage Volatility Amid Inflation Uncertainty
There’s an ongoing debate among investors and policy makers regarding the direction of future inflation rates. This uncertainty is creating volatility in the mortgage lending […]
Turkey Leads in Global Annual Housing Prices Says Knight Frank
Turkey has the highest annual house price growth according to Knight Frank’s Q4 Global House Price Index. The European nation registered an annual house price […]
Will Rising Interest Rates Hurt the Housing Market?
Despite efforts by the Federal Reserve Bank to assure investors and the general public that it will work to maintain low interest rates over the […]
Unsold Inventory At All-Time Low as the Housing Market Continues to Sizzle
Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million), […]
The Number of U.S. Cities with a Typical Home Value of $1 Million Surges
While the typical value of a home in the United States is about $263,000, the number of “million-dollar cities” rose sharply in 2020, according to […]