According to the latest Mortgage Bankers Association Builder Application Survey data for February 2023, mortgage applications for new home purchases increased just 1.2% compared to the same time a year ago.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »A Look Under the Hood of Housing Adequacy
The latest American Housing Survey conducted by the Census Bureau for the Department of Housing and Urban Development (HUD) has a disturbing statistic hidden among other larger findings—1 ...
Read More »Pandemic Shrank U.S. Household Count by More Than 2M
A new study concludes that many U.S. homeowners ditched independent living during the early stages of the pandemic.
Read More »The Black-White Affordability Gap for Renters Widened in 2020
New experimental data from the American Community Survey revealed that cost burdens rose the fastest among families headed by a Black person, as Black renter household rates increased an overall 3.5 percentage points, reaching 51% in 2020.
Read More »New Home Purchase Apps Drop YoY
Along with a strain in purchase activity, the MBA's estimate of new home sales fell in January to its slowest annual pace since July 2021.
Read More »Mortgage Rates Reverse Course and Trend Downward
After a few weeks of increases, mortgage rates took a slight dive this week, falling to 3.05% as refis again picked up despite a downtick in overall mortgage app volume.
Read More »House Price Appreciation Sets Record for Third Consecutive Month
U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.
Read More »How Are Landlords Faring During the Pandemic?
It is no secret that the COVID-19 turned the world on its end. Entire industries ground to a halt overnight, eliminating countless jobs and putting even more on furloughs. Low wage workers who predominately rent have ...
Read More »Mortgage Rates Shift Slightly Upward
After falling incrementally over the past month, mortgage rates climbed yet remained below the 3% mark for the fifth consecutive week.
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