Mortgage Activity Increases Despite Rise in Interest Rates
Through the week ending October 6th, total mortgage activity increased 0.6% from the previous week and the average 30-year fixed-rate
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Market Data
July Gains in Private Residential Construction Spending
It was shown that private residential construction spending rose 1.4% in July, which followed a 1.5% increase in June and
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1990s Nostalgia Hits the Housing Market, With One Key Difference
By Ksenia Potapov The many twists and turns of the housing market over the last few years have made it
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New Home Sales Increase in July Despite Higher Mortgage Rates
Inventory is low, it’s been low, hence the solid demand from potential homebuyers. This coupled together has offset high mortgage
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Surprising Strength in Housing and Labor Markets
Typically considered rate-sensitive, the housing market has proved to be resilient By Alex Thomas The Federal Reserve has raised rates
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Austin Housing Market Improved Over the First 6 Months of 2023
The Austin housing market has improved immensely within the past 6 months of 2023. Despite a slight uptick in mortgage
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Housing Market Potential Increases, According to First American Potential Home Sales Model
In a higher mortgage rate environment, where many existing homeowners stay put and limit the supply of homes for sale,
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Homebuilders Who Cater To First-Time Buyers Have Strongest Standing
The market is improving for home construction as home builders are geared towards more first-time home buyers. This is all
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Mortgage Activity Increases as Affordability Improves
Total mortgage activity increased 7.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell five basis
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Housing Availability Expectations See Mild Improvement
Buyers’ expectations of housing availability edged up slightly in the first quarter of 2023, with 26% expecting the home search
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U.S. Rents Post First Annual Decline in Three Years
In March, the median asking price for rent dropped 0.4% year over year to $1,937. This was the first time
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U.S. Homebuilder Sentiment Improves for Fourth Straight Month
Though battling building material issues, builders remain confident with builder confidence rising to 45 points for newly built single-family homes
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Market Data Suggests Housing Sector’s Downturn ‘Coming to an End’
Continuing its trend downward, the 30-year fixed mortgage rate dropped for the fourth straight week in a row to 6.28%.
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U.S. Existing-Home Sales Rise for the First Time in 13 Months
In February, existing home sales jumped 14.5%, median house prices fall from 0.2% to $363,000 as compared to a year
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Homebuilder Sentiment in February Improves by the Biggest Amount in a Decade
The National Association of Home Builders/Wells Fargo Housing Market Index rose from 7 points to 42 in February. According to
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A New Measure for the Country’s Housing Markets
Comparing the health of U.S. housing markets based on demand, supply and financial data By Patrick Duffy During these challenging
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U.S. New-Home Sales Unexpectedly Rise, Driven by Demand in South
New home sales rose, climbing 7.5% in purchases. According to Bloomberg, sales of new US homes unexpectedly rose in October, largely
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Housing Prices Plunge in 77% of U.S. Metro Areas
The turn we’ve all been waiting for has finally happened. Housing prices are down in 77% of U.S. metro areas.
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US Mortgage Rates Climb Above 6% for First Time Since 2008
As new data was released, it was found that mortgage rates have risen to above 6% for the first time
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The Great Real Estate Tumble Of 2022
With housing just having delivered the worst two month hit since 2008, a 1970’s housing market is very much a
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Are House Prices Going Down?
With inflation cooling last month, so is the U.S. housing market, but with a slight catch. According to WGNO, the
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‘Housing Market Crash’ Interest Soars as Americans Worry About Economy
A potential market crash has surged and is around the corner as the U.S. housing market could sharply decline due
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Mortgage Applications Inch up for the First Time in Five Weeks
For the first time since June 24 mortgage applications inched up. According to CNBC, the slight increases came as mortgage
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The Housing Market Correction Takes an Unexpected Turn
Being priced in a recession by financial markets puts downward pressure on mortgage rates. According to Fortune, while the Fed doesn’t
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U.S. Mortgage Applications Drop to Lowest Level Since Early 2000
U.S. mortgage applications to buy or refinance a home fell to the lowest since the turn of the century. According
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The Housing Market Enters Into Recession
In June, homebuilders broke ground on 982,000 single-family homes. That’s down 19% since February, and down 16% from February of
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Home-Sale Cancellations Jumped in June as Buyers Backed Away
Though there was a rise in the percentage of deals, 15% of home deals that entered contract fell through, equivalent
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Housing Market Softens as Inventory and Rates Change Dynamic
Reluctancy to lower home prices has houses sitting on the market, giving buyers more options thus changing the market dynamic
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U.S. Homeownership Rate Tumbles to 1980s Levels
With high grocery prices and even higher gas prices, it feels like the 1980s all over again. Along with high
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Housing Markets Labeled ‘High’ Risk of a Home Price Drop Just Spiked 73%
With home prices dropping and the spike in mortgage rates, the pandemic housing boom has been brought to an end.
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Housing Affordability Hits 15-Year Low as Prices, Mortgage Rates Rise
Mortgage rates have risen to 5.78% in early June. At that rate, an average monthly mortgage payment would be $2,127,
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