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Q4 Senior Home Equity Levels Dip to $12.39T Nationwide

According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.

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Mortgage App Payments Inched Upward in March

Mortgage application payments increased 1.6% to $2,093 in March, according to the MBA’s Purchase Applications Payment Index, as many prospective homebuyers continue to delay their decisions to enter the market amid elevated home prices and low inventory.

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Q1 Profits Decline Even Further for Home Sellers

Profit margins on median-priced single-family home and condo sales decreased to 44.2% nationwide, while home prices remained flat or continued their decline around most of the country, according to ATTOM's 2023 U.S. Home Sales Report.

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