journal

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.

Low-income families nationwide will have the option to save $100-$250 monthly through new plan on GSE-backed mortgages.

February saw a 12% annual gain in home prices, the largest jump in prices since 2006.

Homebuyers are returning to the city, but are seeking larger living spaces with the amenities of the suburbs.