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Tag Archives: Housing Demand

Purchase Applications Wane as Housing Affordability Reaches 39-Year Low

According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.

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Homeowner Equity Remained Strong During Q3

While underwater mortgages continue to improve throughout the U.S., ATTOM's 2023 U.S. Home Equity & Underwater Report revealed nearly half of all mortgaged properties were considered equity-rich in Q3, despite experiencing the largest quarterly decrease since 2019. Here’s what else the report reveals.

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The (Unattainable) American Dream?

As limited supply and affordability barriers continue to hinder potential homebuyers, Bankrate surveyed how U.S. adults feel about the ever-changing housing market, revealing that nearly half of all Americans believe it's a bad time to buy, while many others believe they'll never be able to afford their dream home. Here’s what else the survey revealed.

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Big Apple, Big Rental Demand

While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. Click here to see which other locales topped the list.

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Home Values Hit All-Time Highs in Q3

Home prices are up in 71% of the nation, according to ATTOM's 2023 U.S. Home Sales Report. With the U.S. median home price hitting another record in Q3, profit margins on typical home sales increased to nearly 60% nationwide.

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