Tuesday, May 7, 2024 | The Latest Buzz for the Appraisal Industry

Housing Affordability Hits 15-Year Low

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory. Mortgage rates shot up in early June, averaging …

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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