Applications for New Home Purchases Plummet Because There’s Fewer New Homes to Buy
Applications for mortgages for new home purchases dropped 3% in May compared with April and were down 23.8% compared with May 2020, due to a
Applications for mortgages for new home purchases dropped 3% in May compared with April and were down 23.8% compared with May 2020, due to a
PERSON OF THE WEEK: Artificial intelligence and machine learning hold great promise for delivering a completely seamless, all-digital mortgage experience. In fact, today’s top loan
As the U.S. regains its financial footing, default rates continue to decline, as pandemic-related financial distress across the country continues to ease for homeowners. The
Single-family rent growth nearly quadrupled year-over-year in May, exceeding pre-pandemic rates across all price tiers for the second consecutive month. The post Affordability Issues Aid
While the inclination to migrate to a new city or state slowed for the quarter, economists cite reasons to believe it will remain elevated.
As appraisers we often wear at least two different hats. You have heard me talk about the business owner cap versus the technician cap. While
A new Zillow analysis finds that housing inventory saw meaningful recovery for the second month in a row in June, improving 3.1% over May. The
Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments) because they don’t want to be