Analysis and Data
A new report from Redfin revealed that rent prices increased 7% month-over-month and is now outpacing the cost of purchasing a home.
California continued to have a strong housing market this past season, despite a slight autumn cooling for the rest of the country.
Homebuyer demand is following the typical season patterns, starting slow as the year winds down.
The housing market is thawing out before winter even begins this year.
Commerce Department report shows continuing signs of strength for the housing market in 2022.
This marks the largest annual decrease in profit margins since early 2009 when the housing market crashed.
65% of mortgage lenders believe profit margins will decrease throughout the next 3 months.
Homeowners’ equity has been pushed to record heights, but the housing boom is increasing property taxes to levels they can’t afford.
Overall, the MCAI fell 0.6% in November to 124.9, which indicates that lending standards are tightening.
The latest Loan Performance Insights report from CoreLogic takes a look at September 2021 mortgage delinquencies as they move toward pre-pandemic levels.