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It seems like it was just yesterday that the shock and awe of home price appreciation had the housing market in a frenzy. Now that things are transitioning to what many may consider a more “balanced” market, the impressive surge in price tags has dwindled. New data from software and analytics company Black Knight, Inc.…

The post Home Prices Post Biggest Monthly Decline Since the Great Recession appeared first on RISMedia.

Although U.S. home prices continued their 127-month run of consecutive annual gains in August, they slowed for the fourth straight month to 13.5%, according to a new report from CoreLogic released this week. As CoreLogic’s August Home Price Index states, this is the lowest year-over-year appreciation recorded since April 2021 and partially reflects continued cooling…

The post Annual U.S. Home Price Gains Lose Steam Again in August appeared first on RISMedia.

First-year homeownership costs have dramatically increased across U.S. cities, according to a new report from SmartAsset released this week. The report examined how much the first year of homeownership costs in the 20 largest U.S. cities. It compared 2022 data across several metrics related to homeownership, including property taxes, home insurance, closing costs and more.…

The post Report: First-Year Homeownership Costs Skyrocket appeared first on RISMedia.

While climate risks may not have dented demand for housing, they may be taking more of an active role in buyers’ and lenders’ decision-making processes, according to a new report from Zillow released this week. The Zillow report, in partnership with ClimateCheck, found that an increase in flood risk corresponds with an increase in mortgage…

The post Homebuyers Are Paying More Attention to Flood Risk appeared first on RISMedia.