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CoreLogic’s HPI Says Home Prices Up 3.3% in March

CoreLogic’s HPI Says Home Prices Up 3.3% in March According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 20.9% year-over-year in March.  On a month-over-month basis, home prices increased by 3.3% in March compared with February.  CoreLogic’s  HPI Forecast predicts home prices will increase on a year-over-year

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Construction Spending Up Slightly in March

Construction Spending Up Slightly in March The U.S. government is reporting that total construction spending in March, 2022 was at a seasonally adjusted annual rate of $ 1,730.5 billion, which is 0.1% higher than February’s revised estimate and 11.7% higher than one year ago.  Residential construction came in at a seasonally adjusted annual rate of

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Pending Home Sales Drop 1.2% in March

Pending Home Sales Drop 1.2% in March The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. “The falling contract signings are implying that multiple offers will soon dissipate and be replaced

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Mortgage Delinquencies Hit Record Low in March

Mortgage Delinquencies Hit Record Low in March According to Black Knight’s “first look” report for March, 2022, the national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020.  Interestingly, Black Knight says that while serious delinquencies (90+ past

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Zumper’s National Rent Report for March ’22

Zumper’s National Rent Report for March ’22 Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in March, 2022 was $ 1,400, up 12.2% year-over-year and the median two-bedroom rent was $ 1,723 up 13.8%, year-over-year.  Be sure to check out their list

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