Fannie Mae: Mortgage Rates Likely to Remain ‘Higher for Longer’
Mortgage rates will likely remain “higher for longer” than previously forecast, according to Fannie Mae’s Economic and Strategic Research (ESR) Group.
Because the job market...
ATTOM: 2023 Not a Good Year for Home Flipping
As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. Home Flipping Report.
The firm’s data...
NAR: Existing-Home Sales Jumped 9.5 Percent Month-Over-Month in February
Existing-home sales were at a seasonally adjusted annual rate of 4.38 million in February, an increase of 9.5% compared with January but down 3.3%...
Housing Starts Surged 10.7 Percent in February as Builder Sentiment Brightened
Housing starts surged to a seasonally adjusted annual rate of 1.521 million in February, an increase of 10.7% compared with January and an increase...
MBA: Applications for New Home Purchases Increased in February
Applications for mortgages for new home purchases increased 1% in February compared with January and were up 15.7% compared with February 2023, according to...
First American Projects Existing-Home Sales Increased 1.4 Percent in February
First American is projecting that existing-home sales increased 1.4% percent in February compared withe January, rising to seasonally adjusted annual rate of 4.05 million.
Year-over-year,...
Americans Were Slightly More Optimistic About the Housing Market in February
American consumers expressed increased optimism around home-selling conditions in the latest Fannie Mae Home Purchase Sentiment Index.
In February, 65% of consumers said it’s a...
CoreLogic: Rising Home Equity Has Given U.S. Homeowners a ‘Solid Financial Cushion’
The average U.S. mortgage borrower saw their home equity increase by about $24,000 year over year in the fourth quarter - a historic high...
Strong Jobs Report in February Unlikely to Deter Fed Rate Cut
Roughly 275,000 jobs were added to the U.S. economy in February, but an increase in job losses resulted in the unemployment rate rising to...
CoreLogic: Home Prices Increased in January But Growth is Expected to Slow in 2024
U.S. home prices increased 0.1% in January compared with December and were up 5.8% compared with January 2023, according to CoreLogic’s home price index.
However,...
MBA: Homebuyer Affordability Decreased in January as Home Prices Continued to Rise
Homebuyer affordability eroded in January, as home prices increased and offset the decline in mortgage rates that came during the month.
According to the Mortgage...
Redfin: New Listings Surged 13 Percent During February
More homeowners listed their homes this week compared with last week, resulting in a corresponding increase in inventory, according to Redfin.
The firm’s data show...
Pending Home Sales Decreased in January as Mortgage Rates Went Back on the Rise
Pending home sales fell 4.9% in January compared with December and were down 8.8% compared with January 2023, according to the National Association of...
FHFA: U.S. Home Prices Increased 6.5 Percent Over the Last Year
U.S. home prices increased 1.5% in the fourth quarter compared with the third quarter and were up 6.5% compared with the fourth quarter of...
Case-Shiller: Home Prices Continued to Rise Steadily in December
U.S. home prices increased 0.2% on an adjusted basis in December compared with November and were up 5.5% compared with December 2022, as the...
New Home Sales Increased in January as Economic Data Improved
New home sales in January were at a seasonally adjusted annual rate of 661,000, an increase of 1.5% compared with December and an increase...
NAR: Existing-Home Sales Increased 3.1 Percent in January as Inventory Increased
Existing-home sales increased in January, rising 3.1% compared with December but down 1.7% compared with January 2023, according to the National Association of Realtors...
First American: Annual Home Price Growth May Have Peaked in December
U.S. home prices increased 0.3% in December compared with November and were up 7.2% compared with December 2022, according to First American’s home price...
Redfin: Housing Market Lost Some Steam in January
The housing market slowed down in January as mortgage rates went back on the rise mid-month and home prices increased more rapidly, according to...
Housing Starts Fell Nearly 15 Percent in January as Mortgage Rates Went Back on...
Housing starts tumbled in January, falling 14.8% compared with December to reach a seasonally adjusted annual rate of 1.331 million, according to estimates from...