Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.
Read More »Open Banking Data Pushes Mortgage Underwriting Into Digital Age
Examining the evolution of mortgage underwriting and how Freddie Mac Loan Product Advisor acceptance of direct deposit data can enable digitization through open banking.
Read More »White House Issues Plan to Combat Housing Supply Limitations
The Housing Supply Action Plan, announced by the Biden-Harris Administration, hopes to ease costs by boosting the supply of quality housing in communities across the country.
Read More »Nationwide Housing Supply Prepares to Rebound?
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines ...
Read More »Renters Say Debt Is Preventing Them from Buying
According to a new report from Redfin, roughly 32% of renters nationwide are doing so because they can’t afford to buy a home in the area they desire ...
Read More »Refi Volume Falls to Three-Year Low
With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.
Read More »Millennial Demand Forcing Rise in Home Prices
As the supply of available homes continues to shrink, home value growth is being seen in areas with the highest population of children.
Read More »Falling Rates Spark Run on Refis
Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns.
Read More »Home Buying Competition Begins to Ease
A new report finds that the seasonal fall market, while still hot, is cooling and buyers who waited out the storm will benefit.
Read More »October Home Sales Experience Atypical Seasonal Decline
RE/MAX reported that home sales declined from September’s totals—nearly double the normal seasonal decline.
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