Mortgage credit availability, a key component of the mortgage application process, decreased in March, according to the Mortgage Credit Availability Index (MCAI), a monthly report from the Mortgage Bankers ...
Read More »National Median Mortgage Payment Rises Month-Over-Month
The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income. The new monthly ...
Read More »Rental Inventory Remains Scarce Amid Price Surge
Declining vacancy rates have contributed to record-breaking rent growth, as average annual rent price gains jumped to 7.8% in 2021.
Read More »The Week Ahead: Following Home Price Trends
The S&P CoreLogic Case-Shiller Home Price Index will gauge the movement of home prices and how these changes affected the housing market. Here’s what else is in store in the Week Ahead.
Read More »The Week Ahead: Watching Market Conditions Following Unusual Highs
This week, the National Association of Homebuilders and Wells Fargo will release their latest Housing Market Index (HMI) for May, a measure of market conditions based on three factors, with a range of zero to 100. While the March HMI was unusually high, reaching 71, April stayed steady at 65. All three individual components (present single family sales, next six-month single family sales, and prospective buyer traffic) reported losses month over month, but were still strong.
Read More »