Market Studies

According to research results put out by TD Bank, 37 percent of homeowners who purchased within the last decade required MI. Looking at just the last two years, that number is up to 43 percent, reflecting the troubles buyers are having meeting normal down payment minimums as home prices march up. Of those who have had to go with insurance, 65 percent said the additional premium left them paying more than they had originally anticipated.

Following weak home sales during the first two months of the year resulting from extreme winter weather, March sales picked up 24.6 percent across the 52 metros measured in the RE/MAX National Housing Report. With sales rebounding just in time for spring homebuying season, the market continues to demonstrate its persistent trends of rising prices and low inventory.

Nationwide, the economy and housing market are functioning at a level about 87 percent of their pre-crisis normal levels, according to the National Association of Home Builders (NAHB) and First American’s Leading Markets Index. Fifty-nine of the 350 metro markets are at or above their pre-crisis norms, according to the index, up from 58 metros last month. At the same time, 130 markets are at least 90 percent of their pre-crisis levels, according to NAHB.

Tom Showalter, Chief Analytics Officer of Digital Risk, joins the broadcast to discuss QM and origination defect requirements and potential impact. As Chief Analytics Officer, Tom is responsible for ...