Housing Affordability Continued to Improve in August
At the national level, housing affordability increased for the second consecutive month in August compared to the previous month, with the monthly mortgage payment falling by 1.1% and the median family income falling modestly by 0.7%. www.nar.realtor – Research
Mortgage Application Volume at Three-Month Low; Rates Steady But Volatility Could Return
Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 6.9 percent on a seasonally adjusted basis from one week earlier. It was the biggest decline since an identical loss during the week […]
Forbearances Expiring; Remote Work Not Killing Cities; Rates Surge Higher Despite Weak Jobs Data
The number of mortgages in forbearance saw its l argest reduction in 12 months l ast week. Black Knight said 177,000 loans exited the program, many of them having reached the end of the 18 months of reduced or suspended payments allowed for those financially impacted by the COVID-19 pandemic. This is an 11 percent […]
Highest Rates in Months Despite Weak Jobs Report
It goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply “the jobs report.” No matter what you call it, the Labor Department’s massive collection of employment statistics is one of the most important events for the bond market every month. For a quick reminder as to why mortgage rates care about the […]
MBS RECAP: Highest Yields in Months. Could Jobs Report Make it Worse?
Posted To: MBS Commentary Highest Yields in Months. Could Jobs Report Make it Worse? After a somewhat hopeful bounce in yesterday's trading session, and a decent overnight session, Thursday ended up being a bad day. With the jobs report on deck tomorrow, could things get even worse? That's always a possibility, but it wouldn't necessarily […]
Virginia REALTORS® Launches Fairhaven Competition
When NAR first launched its interactive fair housing tool, Fairhaven, there was one state association in particular that immediately embraced the platform: Virginia REALTORS® www.nar.realtor – Fair Housing
A Nearly Unbelievable Data Point: The Birth Rate
The baby bust has likely been fueled by both economic and health concerns of women during the pandemic. www.nar.realtor – Research
Q&A Corner: 2021 Real Estate in a Digital Age report
Matt Christopherson, one of the lead authors of Real Estate in a Digital Age, talks about how to use the report, data insights, and the survey results he found most interesting. www.nar.realtor – Research
Freddie Mac Mortgage Portfolio Reverses Four Month Decline
Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 23.7 percent in August compared to an 8.4 percent gain in July. The portfolio balance at the end of the period was $ 3.093 trillion compared to $ 3.033 trillion the prior month and $ […]
NAR Identifies America’s Top 10 Commercial Office Markets of 2021
Top 10 US Commercial Office Markets of 2021 NAR found a robust recovery across the multifamily, industrial, and retail property markets as economic production rebounds to pre-pandemic levels. Media Contact: Troy Green 202-383-1042 Commercial & Investment Real Estate