Home >> Daily Dose (page 46)

Daily Dose

The Week Ahead: What Lies on the Horizon in Q4?

The third installment of 2023 of WFG’s “Quarterly Economic Outlook,” featuring WFG Chairman and Founder Patrick Stone along with Dr. Bill Conerly, will review Q3 and look ahead to what’s expected in the housing space for the remainder of 2023.

Read More »

Q2 Housing Affordability Down Across Large U.S. Metros

Even the most affordable metro areas analyzed in NerdWallet's latest Q2 housing activity report experienced price increases that decreased overall affordability, as rising home prices and high interest rates continue to make the homebuying process even more difficult for potential first-time buyers.

Read More »

Mortgage Rates Top 7% for Fourth Straight Week

“The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases, and mortgage rates decline to more affordable levels,” said MBA President and CEO Bob Broeksmit. Click through to read more on this week's mortgage rates.

Read More »

Rising Home Prices Fueled by Ongoing Supply Shortage

Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.

Read More »

Average New Mortgage Payments up 60% in Last Two Years

"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.

Read More »

San Francisco Homeowners Most Likely to Lose Money When Selling

Due to a plunge in home prices in the popular Bay Area metro, San Francisco homeowners were most likely to lose money when selling their home. According to a new Redfin report, the typical San Franciscan seller who took a loss sold their home for $100,000 less than they bought it for.

Read More »

Overall Mortgage App Volume Falls to 27-Year Low

Despite a slight dip in mortgage rates, the MBA reports that mortgage application volume has fallen to lows last reported in December 1996, as rates and housing inventory continue to serve as major barriers to entry into the housing market.

Read More »