Origination

The ATTOM U.S. Home Affordability Report revealed that median-priced single-family homes and condos were less affordable in the Q2 of 2023 compared to historical averages in 98% of counties around the nation.

Veterans United takes a closer look at how U.S. veterans feel about purchasing a house in the near future, and how eager they are to jump into the current marketplace. 

Many Americans, discouraged by traditional creditworthiness assessment tools, are giving up on their homeownership dreams, according to a new report from FormFree.

Analysts from LendingTree explain that ‘unfriendly’ market conditions and their effects on home shoppers’ psyches are causing many a sleepless night for prospective buyers nationwide.

HR 3564 creates additional protections that prevent the imposition of new fee changes based on the DTI of borrowers and institutes a temporary, one-year freeze in the FHFA’s ability to enact new LLPA fee changes.

After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.

The MBA reports that new home sales have been driving purchase activity in recent months, as buyers continue to seek options beyond the existing-home market.

A large percentage of younger Americans are using online searches and valuations to gauge their worth and their neighbors' incomes based on their homes, an act that is also causing envy and anxiety.

The U.S. Census Bureau and HUD have found that new, single-family home sales were at a seasonally-adjusted annual rate of 763,000 in May 2023, 12.2% above April 2023’s rate of 680,000 marking the highest level reported since February 2022.

"The U.S. housing market continued to strengthen in April 2023," says Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.