Source: CNBC — As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces...
Source: Market Watch — The U.S. housing sector is in the midst of the biggest slowdown in over a decade, one economist says. But don’t expect prices to fall back down to earth just yet. “The U.S. housing market is at the beginning stages of the most significant...
Source: Redfin — he luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the...
Source: CNBC — Inflation is eroding the value of consumers’ savings at the fastest pace in four decades. The Consumer Price Index, which gauges how quickly costs are rising for a basket of goods and services, jumped 8.6% in May from a year earlier, the U.S....
Source: Market Watch — Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according to research from mortgage data and analytics company Black Knight. Why is prepayment activity down so drastically? It’s driven in large...
Source: Scotsman Guide — Nationwide home prices grew 20.9% year over year in April as buyers continue to race against increasing mortgage rates in an effort to fine affordable homes, according to CoreLogic. The annual price gain in the company’s most recent...
