Remove 2020 11 12 affordability-impacted-rising-home-prices
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Borrowers shift toward jumbo loans, ARMs as mortgage rates rise

Housing Wire

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Pipeline data from February showed overall rate lock dollar volume up 2% from January, with purchase locks rising 4%. Overall lock volumes were up 8.6% over the last three months but remain 58.8%

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Housing Sentiment Dips as Affordability Constraints Worsen

RIS Media

The runup on home prices and mortgage rates continues to weigh on the minds of aspiring homebuyers as buyer sentiment took another dip in the last month, according to recent data from Fannie Mae. The organization’s Home Purchase Sentiment Index (HPSI) decreased by 4.7 Home Purchase Sentiment Index — Component Highlights.

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We’re Not Yet in a Recession in 2022 – Here’s How We’ll Know

HomeLight

Ever since 2021’s record home prices , Americans have been waiting for that too-good-to-last bubble to burst. Although the housing market still ran hot at the beginning of 2022 , higher grocery prices , fewer home sales , and other factors from summer to fall made economists and armchair analysts wonder: Are we in a recession?

Sales 96
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Unemployment Rate Nears Pre-Pandemic Levels After Sustained Job Growth in March

RIS Media

The latest data marks 11 consecutive months of job growth. in February 2020. Employment in construction continued to trend up in March, adding 19,000 jobs, and has returned to its February 2020 level. That is why wages are rising by a hefty 6.8%. There will be an inevitable slowdown in home sales. down from 3.8%

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Many Recent Buyers Believe They Overpaid for Their Homes as the Market Corrects

Realtor.com

Getty Images In March 2020, Mark Joseph bought his first home: a spacious three-bedroom, 2.5-bedroom Joseph was convinced “someone else would swoop in and take it away if I didn’t make a strong offer,” he says, so he paid more than the asking price. bedroom house in Saint Louis.

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The New Gold Rush: Here Are the Top 10 Cities Job Seekers Are Now Flocking To

Realtor.com

However, there’s another transformative workforce trend also emerging, one that may have an even bigger long-term impact. And often that means pulling up roots and buying or renting a home in a brand-new town, city, or state. Those previously desk-bound employees have moved away from the coasts to more affordable locales.

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6 Real Estate Trends to Keep an Eye on in 2020

Boom Town

The countdown to 2020 is officially on! As millions of aging Americans enter their 60s and 70s, there is potential for a variety of impacts on the housing market in the coming years. As millions of aging Americans enter their 60s and 70s, there is potential for a variety of impacts on the housing market in the coming years.