Housing Market

Commercial Apartment Demand on the Rise, 2022 Forecast Strong

October 22nd, 2021
Demand for apartments in the commercial space is forecast to remain strong into 2022, according to the latest data from the National Association of REALTORS® (NAR). So far this quarter, demand for multifamily has been robust, with a net increase...

Commercial and Multifamily Borrowing Up 119% in Q3

November 4th, 2021
Commercial and multifamily mortgage loan originations were 119% higher in Q3 compared to last year, increasing 19% from the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The details: – All property...

Regional Spotlight: Florida’s Median Prices March Forward

November 26th, 2021
Florida’s housing market showed higher median prices, more cash sales and tight inventory levels in October compared to a year ago, according to Florida REALTORS® latest housing data. “In markets across the state, the for-sale inventory continues at low levels,...

Salt Lake City Projected to be 2022 Top Housing Market

December 7th, 2021
The nation’s top housing markets are driven by strong local economies, tech sector job growth and affordability, according to realtor.com®’s latest forecast. The Top Housing Markets of 2022 were primarily located in the Mountain West, Midwest and New England. They...

Regional Spotlight: Home Prices Expected to Rise 3.2% in Northern Virginia

December 20th, 2021
Less frenetic but still fast paced is the prediction for the 2022 housing market in Northern Virginia, which echoes national expectations, according to the Northern Virginia Association of REALTORS® (NVAR) in its annual forecast produced in conjunction with George Mason...

2022 Forecast: Moderation Likely but Affordability Still a Concern

January 4th, 2022
LendingTree recently released its projections for the state of real estate, jobs and the economy in 2022. According to the company, potential economic upsides include home price moderation, improved supply chains, a better job market and fewer concerns over inflation....

Mortgage Applications Index Falls to Lowest Level in 22 Years

June 8th, 2022
Mortgage applications decreased 6.5% from one week earlier, according to the latest data from the Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 3, 2022, released Wednesday. This week’s results include an adjustment...

Regional Spotlight: Affordability Tightens in Florida, and All-Cash Sales Trend Higher

October 22nd, 2021
Florida’s housing market reported higher median prices, a rise in all-cash sales and constrained inventory levels in September compared to a year ago, according to Florida Realtors® latest housing data. “The September data shows that while median prices are well...

Mortgage Rates Fall Slightly, But Still Above 3%

November 5th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.09% for the week ending Nov. 4 according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). Mortgage details: – 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point, down from last week when...

Pets Are Increasingly Influencing their Owners’ Housing Decisions

November 29th, 2021
(TNS)—Hannah Wood, a work-from-home product manager for a healthcare company, would like to relocate to Philadelphia to live near her mother, but she’s struggling to find a place that will welcome her roommate, Lea, a 55-pound, mixed-breed dog. Wood initially...
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