The national median rent fell swiftly in December 2022, outpacing the seasonal norm and setting the stage for a more substantial slowdown in the year ahead
Housing costs are soaring, but solutions to boost affordability seem few and far between. Here a few jumping points for real estate businesses, lenders, and local governments to alleviate costs in 2023
Mortgage application volume posted a double-digit decline during the last week of 2022 as interest rates climbed toward 7% after falling two weeks prior
For the first time on record, the baseline conforming loan limit in high-cost areas has surpassed $1 million, meaning that fewer homes will require a jumbo loan in the year ahead
Affluent buyers are feeling the effects of rising mortgage rates and inflation, and as a result, many are backing out of high-end home purchases in these costly markets
Build-to-rent (BTR) communities offer renters the luxury of single-family residency without the added costs of homeownership, making them a desirable alternative for priced-out buyers