Optimal Blue: Average Homebuyer Credit Score Hit 737 in March
The average homebuyer credit score reached 737 in March, according to Optimal Blue's Originations Market Monitor report.
That’s an all-time high for the report, which...
Another Stellar Jobs Report Fuels the Fed’s Reluctance to Cut Rates
Roughly 303,000 jobs were added to the U.S. economy in March - above expectations and far higher than the average monthly gain of 231,000...
CoreLogic: Home Prices Increased 0.7 Percent in February
U.S. home prices increased 0.7% in February compared with January and were up 5.5% compared with February 2023, according to CoreLogic’s home price index...
ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many
Home prices are rising faster than wages in half the U.S., a report from ATTOM shows.
And while the portion of wages needed for homeownership...
Redfin: Median Down Payment Up 24.1 Percent Year-Over-Year in February
Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640,...
MBA: Homebuyer Affordability Declined in February
The national median payment applied for by purchase applicants increased to $2,184 in February, up 2.4% from $2,134 in January, according to the Mortgage...
NAR: Pending Home Sales Increased 1.6 Percent in February
Pending home sales increased 1.6% in February compared with January but were down 7.0% compared with February 2023, according to the National Association of...
U.S. Home Prices Dipped 0.1 Percent in January, According to FHFA’s Home Price Index
U.S. home prices fell 0.1% in January compared with December, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly home price index,...
Case-Shiller: Home Prices ‘Continued to Drive Higher’ in January
U.S. home prices increased 0.4% on an adjusted basis in January compared with December and were up 6.0% compared with January 2023, according to...
Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market
The total number of U.S. homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023,...
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,...