Market Studies

Among homeowners who have relocated in the last three years, more than 20% regret moving, according to a new study from All Star Home, with unexpected housing costs cited as the top driver of buyer's remorse.

Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, sending housing affordability to its lowest level in more than three decades.

"Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high home prices, it's understandable that many would-be homebuyers are choosing to remain on the sidelines," said Danielle Hale, Chief Economist at Realtor.com.

Mortgage interest rates have remained stubbornly high in recent weeks, well after the summertime busy season moving into the tamer fall season.

While U.S. single-family rents posted 3.1% year-over-year growth in July, representing the 15th consecutive month of deceleration, numbers are still in line with pre-pandemic trends, according to a new report from Redfin.

According to a new survey from Redfin, while nearly 80% of respondents support building more homes, one-third of pro-building respondents remained positive about an apartment complex being built in their neighborhood, while 20% of them were opposed to it.

A snapshot of August’s existing-home sales data revealed that available months of inventory increased to 3.3 while median sales prices topped $407,000.

Property flippers in the second quarter reported an average gross profit of $66,500 according to ATTOM, with the average time it took to flip a home in the quarter rising to 178 days.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.