Tight inventory combined with high demand is resulting in a reduction in the time a home spends on the market as the nation’s short supply is being consumed at a record pace.

Low mortgage rates and surging homebuyer demand, combined with low existing homes for sale is increasing the share of new construction nationwide.

HUD earmarks grants in excess of $20 million to support fair housing testing, education, and enforcement activities.

Both Fannie Mae and Freddie Mac showed upward Q1 gains, as the housing market continues to power through and lead the nation’s economy.

Tuesday will bring a new look at housing stats to close the first quarter of the year with the market looking to rebound late in Q1 after weather and supply constraints hampered sales early in 2021.

Rates remain at historically-low levels, as Americans are finding it an opportune time to refi, while new home seekers continue to sit on the sidelines due to tight inventory and high prices.

The price of lumber has tacked on more than $35K to the cost of the average new home built over the past year.

Home sellers are still netting profits in excess of $70,000, but that number is down approximately $5,000 from the previous quarter.

Increased lender adoption of eClose technology is cutting the amount of time it takes to close loans, with a six-day reduction in time over the first quarter of the year.

Mortgage applications are slipping, as the war between low rates and affordability continues in the nation’s housing market.