This is the first time the price spread converged since the housing crisis ended in July 2012.
Americans showed an increased preference for buying homes in suburban areas during the height of the pandemic, but that trend could now be shifting.
The question of housing affordability is a common one, and with P&I payments 58% higher than last year, this question has become even more urgent.
CoreLogic tracks construction cost for commercial, residential and agricultural construction of all types of goods (labor and materials) throughout the United States and Canada.
The share of single-family homes purchased by investors rose every month in Q3 to reach 26% in September.
Since May 2022, the appraisal gap has seen a precipitous decline at the same time that higher mortgage rates are squeezing buyers.
Following an unprecedented boom in global housing prices, countries are experiencing pricing corrections.
While options like iBuying should not be overlooked, it can also be helpful to consult a real estate agent because they can offer advice that stems from learned experience.
With current mortgage rates at over 6%, the vast majority (99%) of outstanding mortgage debt has a lower mortgage rate locked in.
Despite the ubiquitous nature of the internet, the human element of real estate transactions remains a critical part of the journey.
Housing declines are historically a harbinger for recessions, but does this mean that it a recession is imminent?