CoreLogic: U.S. home-price gains hit all-time high in March
Prices jumped by 20.9% in March year over year, but are projected to decline sharply over the next year U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in Read m...
Opinion: why HELOC demand will surge
Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. Then, i...
The last time houses were this unaffordable was 2006
Black Knight: Markets in a third of the country are now the least affordable they’ve ever been Surging interest rates and home price appreciation made March one of the most challenging months for prospective homebuyers looking to make purchases, according to a recent report. Annual home price gain...
Refinance volume has “dried up,” Old Republic says
Old Republic’s Craig Smiddy addresses the elephant in the room While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp.’s president and CEO, Craig S...
A more “normalized” housing market is on the horizon: NAR
The dip in contract signings in March suggests bidding wars are cooling For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast...