New Report Details Lending Trends
Cotality, a global property information, analytics, and data-enabled solutions provider, released its latest findings on the housing and mortgage markets. While the spring homebuying season is in full swing, homebuying activity continues to be challenged by elevated and volatile mortgage rates as well as affordability challenges resulting from surging costs of insurance and property taxes. These market dynamics are putting pressure on existing homeowners as well as future buyers. At the same time, pockets of homebuyers are benefiting from increased for-sale inventories and a slower rate of home price appreciation, particularly among condominium homes.
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