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First Time Home Buyers drop to lowest level on record.

First time home buyers

For the first time since records began, first-time homebuyers made up the smallest share of sales last year at 26% Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time homebuyers in a serious bind. The difficulties for first-time buyers have been escalating […]

Median Home Prices Rise Again

According to the National Association of Realtors® recent Existing Home Sales report, the median existing-home price for all housing types in February was $357,300, up 15.0% from February 2021 ($310,600), as prices grew in each region. This marks 120 consecutive months of year-over-year increases, the longest-running streak on record. Properties typically remained on the market […]

Federal Reserve Stopped Purchasing Mortgage Backed Securities

On Friday, March 11th, the Federal Reserve placed their last remaining order to purchase Mortgage Backed Securities (MBS) as part of their emergency Quantitative Easing program. This was a program where the Federal Reserve Bank of New York would purchase both U.S. Treasuries notes and MBS bonds.  They did this to create an increase demand […]