‘Homebodies’ hampering housing market potential by not selling

“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. “Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing … Read more

NAR, Updater partner to provide real-time relocation data to Realtors

The trade group will be able to use “pre-move” data to inform reports on migration patterns and housing demand. With “the great reshuffling” underway as people with increased flexibility to work from anywhere move to homes that better fit their needs, relocation trends can be hard to spot in real time. To tackle that problem, … Read more

Demand for mortgages sagged in April even as rates remain near historic lows

New data from Black Knight shows drop in rate locks for purchase loans and refinancing. Demand for mortgages sagged in April to the lowest level in almost a year, despite the fact that rates eased somewhat and remained near historic lows. That’s according to a new report from data and analytics firm Black Knight, which … Read more

NAR: Housing market is ‘topping out’ due to inventory shortage

The housing market has been “amazing” during the last year, but it is beginning to show signs of “topping out” due to low inventory, according to Lawrence Yun, chief economist for the National Association of Realtors. Yun spoke on Thursday during NAR’s Residential Economic Issues and Trends Forum on the second-to-last day of the trade … Read more

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