Affordability remains the biggest challenge facing home buyers today, but this small step forward is a welcome sight The cost of a new mortgage dropped 4.8% in November as mortgage rates dipped. Housing market activity is as chilled as it has been since the start of the pandemic. Rents fell by the...
Month: December 2022
Home Flipping Declines Again across the U.S. During Q3 as Investor Profits Hit 13-Year Low
Nationwide Home-Flipping Rate Drops for Second Straight Quarter; Typical Profit Margins on Flips Hit Lowest Point in 13 Years; Gross Profits on Home Flips Plummet at Fastest Pace Since 2009 ATTOM, a leading curator of real estate data nationwide for land and property data, released its...
Most Home Buying Pet Parents Would Pass on Their Dream Home if it Doesn’t Work for Fido, According to Realtor.com® Survey
More than two-thirds of prospective buyers with pets say they'd buy a home specifically because of features that cater toward their pet From adding "catios" to foregoing a home that's not pet-friendly, many homeowners and buyers are prioritizing their furry friends when making pivotal real...
us home equity gains rose annually in q3 but fell sharply from q2
Homeowners posted average annual equity gains of $34,300 in the third quarter of 2022, which was about half the year-over-year increase recorded in the second quarter. Florida led the U.S. for annual home equity increases at $76,700, with Miami in the No. 1 spot among major metro areas at $101,000...
U.S. FORECLOSURE COMPLETIONS INCREASE ANNUALLY BY 64 PERCENT IN NOVEMBER 2022
Foreclosure Activity Remains Up 57 Percent from Last Year, and Foreclosure Starts Increase Annually by 98 Percent; But Both Measures Down from October 2022 ATTOM, a leading curator of real estate data nationwide for land and property data, released its November...
High Mortgage Rates Remain Primary Impediment to Housing Sentiment
HPSI Breaks Consecutive-Decline Streak but Remains Just Above All-Time Low The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.6 points in November to 57.3, its first increase in nine months, though it remains just above the all-time low set last month and significantly...
SVN | SFR Capital Management and Marketplace Homes Announce U.S. Build-for-Rent and Scattered Home Investment Joint Venture
Provides end-to-end acquisition, asset management, maintenance and resident care for BFR and SFR rentals nationwide Build-for-Rent (“BFR”) commercial real estate investment firm SVN | SFR Capital Management (“SVN | SFR”) announced it has entered into a joint venture agreement to...
Mid-Atlantic States, California and Illinois More Vulnerable to Housing Market Declines in Q3
Risk of Potential Downturns Highest in New York City, Chicago and Philadelphia;Other At-Risk Markets Scattered Along Eastern Seaboard and Inland California;While South Region Still Less Vulnerable ATTOM, a leading curator of real estate data nationwide for land and...
Zillow’s Hot Housing Takes for 2023
The Midwest will move to the forefront as affordability remains housing's biggest issue Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. However, that...