Mortgage Credit Increased in January But Lenders Continue to Pull Back
Mortgage credit availability increased in January, rising to a score of 92.7 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
That’s an...
Fannie Mae: Consumers Had Brighter Outlook on Mortgage Rates and Employment in January
Consumer sentiment toward the housing market improved significantly in January, rising to a score of 70.7 on Fannie Mae’s Home Purchase Sentiment Index (HPSI).
That’s...
Redfin: More Homebuyers Chose Where to Live Based on Politics and Local Laws in...
Local laws and politics have become an increasingly important factor for homebuyers moving to a new location, a recent survey conducted for Redfin shows.
The...
CoreLogic: Hot Job Market Helping to Keep Home Prices Elevated
U.S. home prices continued to rise in December, but the rate of appreciation continued to slow.
Prices increased just 0.1%, on average, compared with November,...
ICE: Home Affordability Gradually Improving as Rates Fall, Inventory Increases
Home affordability improved slightly in December, due mainly to lower mortgage rates, stabilizing home prices and increased inventory.
According to ICE Mortgage Technology’s Mortgage Monitor...
Clever: ‘The Financial Outlook for Baby Boomers Has Gone From Boom to Bust’
Beyond higher mortgage rates and the “lock-in effect,” there’s another reason many existing homeowners aren’t willing to list and move: A recent report from...
Redfin: New Homes Represented a Third of For-Sale Homes in Q4
New homes for sale continued to represent about a third of all homes for sale in the fourth quarter, according to a report from...
National Homeownership Rate Dipped in the Fourth Quarter
The national homeownership rate dropped to 65.7% in the fourth quarter of 2023, down from 66% in the third quarter and down from 65.9%...
ATTOM Reveals Cities Where All-Cash Home Sales Were Highest in 2023
Which markets saw the highest percentage of all-cash home sales in 2023?
According to ATTOM’s 2023 Year-End Home Sales report, the top MSAs with the...
Case-Shiller: Home Price Appreciation Slowed Further in November as Mortgage Interest Rates Peaked
U.S. home prices continued to increase in November, despite a rising mortgage rates and the slowest home sales in decades.
According to the S&P CoreLogic...
Profit Margins on Home Sales Decreased in 2023 But Remained Near All-Time Highs
While both gross profits and profit margins on home sales remained near record levels in 2023, they decreased from 2022, marking the first declines...
Pending Home Sales Surge in December, a ‘Promising Sign For The Housing Market’
Driven by lower mortgage rates and a slight increase in inventory, pending home sales surged 8.3% in December compared with November and were up...
CoreLogic: Mortgage Performance Still Strong in November as Job Market Remains Resilient
Mortgage performance continued to remain strong in November, although early stage delinquencies crept up slightly, according to CoreLogic’s Home Loan Performance Insights Report.
Only 2.9%...
New Home Sales Jumped 8 Percent in December on Lower Rates
New home sales in December were at a seasonally adjusted annual rate of 664,000, an increase of 8.0% compared with November and an increase...
Redfin: Home Price Growth Slowed in December
U.S. home prices increased 0.4% in December compared with November — the smallest month-over-month increase since June — according to Redfin.
December represented the third...
Fannie Mae: Housing Market Will Improve in 2024
Fannie Mae is forecasting that the housing market will gradually improve in 2024, as mortgage rates decrease and home builders ramp up production.
According to...
NAR: Existing-Home Sales Fell to Lowest Level Since 1995 in December
Existing-home sales decreased 1.0% in December compared with November and were down 6.2% compared with December 2022, according to the National Association of Realtors...
Applications for New Home Purchases Sank in December but Remain Up Year Over Year
Applications for mortgages for new home purchases decreased 4% in December compared with November but were up 22.2% compared with December 2022, according to...
Housing Starts Fell in December But Were Stronger Than Expected
Housing starts fell 4.3% in December compared with November but were up 7.6% compared with December 2022, according to estimates from the U.S. Census...
Fannie Mae: Home Price Appreciation Slowed in Q4
Single-family home prices increased 7.1% in the fourth quarter compared with the fourth quarter of 2022, according to Fannie Mae’s home price index.
That’s up...