Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of...
New Home Sales Jumped in March Despite Higher Mortgage Rates
New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3%...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
Fannie Mae: Home Prices Increased 1.7 Percent in Q1
Single-family home prices increased 1.7% in the first quarter compared with the second quarter and were up 7.4% compared with the first quarter of...
MBA: Applications for New Home Purchases Increased 1 Percent in March
Applications for mortgages for new home purchases increased 1% in March compared with February and were up 6.2% compared with March 2023, according to...
LenderLogix Data Shows Increase in Home Buying Activity in Q1
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released its first-quarter Homebuyer Intelligence...
DataTrace Expands Depth of Title Plants in Eight Florida Counties
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded the historic depth of title plants in...
Redfin: More Than Two-Thirds of Renters Think They’ll Never Own a Home
More than two thirds of renters (38%) in the U.S. say they’ll never own a home due to lack of affordability, a recent survey...
First American: Housing Market Currently Being Driven by the ‘Five Ds’
Existing-home sales in this current market are mostly being driven by the “Five Ds” - death, divorce, diplomas, downsizing, and diapers - according to...
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,...