First Quarter 2022 Commercial Real Estate Metro Market Reports: Florida Has Top 5 Hottest Markets - National Association of Realtors
After months of climbing to record heights, U.S. inflation has experienced a slight decline in April, according to recent reports from the U.S. Bureau of Labor Statistics (BLS).
The runup on home prices and mortgage rates continues to weigh on the minds of aspiring homebuyers as buyer sentiment took another dip in the last month, according to recent data from Fannie Mae.
The organization’s Home Purchase Sentiment Index (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance companies, is reporting a $1 billion profit for Q1, an increase from $865 million from the previous quarter, but saw year-over-year losses from $2.77 billion in Q1 2021—admittedly not an ideal report for the lending giant but one they say they’re prepared to navigate.
The Asian Real Estate Association of America, a national nonprofit trade organization focused on improving the homeownership rates of the Asian American Pacific Islander (AAPI) community, has released its 2022 State of Asia America report, a comprehensive review of the housing trends and associated issues facing the AAPI community.
Mortgage Applications increased for the second consecutive week, according to the Mortgage Bankers Association’s (MBA) most recent Weekly Mortgage Applications Survey. The 2% increase in mortgage applications builds on the 2.5% climb from the previous week after continuous decreases for the prior eight weeks.