Condos Becoming an Alternative Trend for Homebuyers
After increased housing demand drove home prices to historic highs, homeownership remained unattainable for many, with some homebuyers turning their attention toward more affordable options like condos. Source: DS News
Housing Price Forecast Turns Negative
Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ [...]
CFPB Proposes Registry of Financial Contract Clauses
New proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections. Source: [...]
Wells Fargo Stepping Back From Mortgage Market
Wells Fargo has announced the move to shrink its mortgage portfolio and close its correspondent business. Going forward, WF will now offer home loans to existing bank and wealth management [...]
Real Estate Market Confidence Remains High
New Western, a private online marketplace for flippers, has released a new report on the state of real estate investment throughout the country. This new analysis offers insight and uses [...]
First American Looks to 2023
A new Blog Post by Deputy Chief Economist Odeta Kushi lays out three possible scenarios for the housing market in 2023. Source: DS News
PropTech, Digital Solutions Benefit Traditional Real Estate
According to a new CoreLogic report, working with a real estate agent is not what it used to be, as a new generation of agents are now supporting homebuyers in [...]
Ranking 2022’s Top Luxury and Investment Home Markets
Pacaso has found that Washington County, Utah saw the biggest annual increase in second home and investment home share of rate locks, up 10.3% year-over-year. Source: DS News
Putting 2022 Migration Trends Under the Microscope
A new study from United Van Lines revealed retiring Baby Boomers and early Gen Xers are driving American migration patterns, while eastern states experienced the highest share of inbound movers. [...]