The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.
Read More »Despite Small Gains, Home Price Growth Remains Near 11-Year Low
CoreLogic economists attribute June’s small bump in price growth to an economic rebound, a boost in the jobs market, and strong consumer spending.
Read More »Ranking the States Where It Takes the Longest to Sell a Home
A new study has found that those selling a home in this sunny state are enduring the longest time to sell a home, with an average span of 65 days that homes are on the market. Click through to find out the state in question.
Read More »How Are Mortgage Rates Impacting Home Sales?
A new Zillow survey reveals that 80% of mortgage holders report having a rate of less than 5%, as over time, homeowners will come to terms with higher rates as commonplace.
Read More »More Exit From San Francisco and New York in Q2
Redfin reports that 25.5% of homebuyers in the second quarter of 2023 looked to move, with San Francisco and the Empire State topping the list as homebuyers continue to depart expensive metros in favor of areas with more affordable housing options.
Read More »Homebuyer Affordability Remains Constrained as Purchase Apps Slip in June
While housing affordability remains a worry for many Americans, the MBA's Purchase Applications Payment Index revealed purchase applications inched downward in June, as home prices and mortgage rates remain elevated nationwide.
Read More »Surge in Equity-Rich Homes Continued in Q2
According to ATTOM's 2023 U.S. Home Equity & Underwater Report, the share of mortgaged homes that were equity-rich in Q2 2023 increased from 47% in Q1, reaching the highest point in four years.
Read More »HUD Takes New Actions to Strengthen Renter Rights and Protections
The Department has announced new protections and funding to build on commitments made by the Biden Administration’s Blueprint for a Renters Bill of Rights, drafted to increase fairness within the nation’s rental marketplace.
Read More »Immigrant Homeownership Comes with Financial, Racial Barriers
While racial disparities in homeownership persist, a new study from the Joint Center for Housing Studies revealed immigrants face unique challenges in becoming homeowners, as data found only 16% of households nationwide were headed by a foreign-born resident in 2021.
Read More »Average Purchase Loan Size Hits Highest Level Since May
The MBA reports that week-over-week, mortgage application volume fell 1.8%, partly driven by a 10% decrease in FHA applications as the overall average purchase loan size hit $432,700,
Read More »