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Home loan size retreats from record as mortgage application demand cools
Source: Fox Business --- The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week. According to the Mortgage Bankers Association, the average purchase loan size fell to...
Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis
Source: World Property Journal --- The National Association of Home Builders chairman Jerry Konter issued the following statement in response to this week's House Ways and Means Committee Hearing, Nowhere to Live: Profits, Disinvestment, and the American Housing...
Should I Buy a Home Right Now?
Source: Keeping Current Matters --- If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you...
Home sales in Utah hit ten-year low in June
Source: Utah Business --- Sandy—Higher mortgage interest rates are slowing home sales. Home sales of all housing types fell to 1,344 transactions in June in Salt Lake County, the lowest number of home sales in Utah for a June month in a decade and 27 percent lower...
Expert Housing Market Forecasts for the Second Half of the Year
Source: Keeping Current Matters --- The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s...
Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1
Source: Realtor --- The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report by Realtor.com® reveals...
Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
These 10 U.S. real estate markets are cooling the fastest: Here’s what to know if you’re a prospective buyer
Source: CNBC --- After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
CoreLogic: Delinquencies, foreclosures stay the course in ‘relatively solid’ housing market
Source: Scotsman Guide --- April marked one year and one month of delinquencies dropping on a yearly basis, with delinquent mortgages sliding 1.8% annually to 2.9% of all loans, according to CoreLogic’s latest Loan Performance Insights report. On a monthly basis,...
Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Source: Redfin --- Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start of the year....
