Prices

Exhausting Home Prices; No Big Digital Push From Covid; Big News For Refi Rates As Adverse Market Fee is Removed

It was big, bad news when it came out last summer. Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated! Backstory In early August 2020, Fannie and Freddie (who collectively buy or guarantee a vast majority of all mortgages) announced that virtually all […]

Continue Reading

The Forbearance Period is Ending: What’s the Impact on Foreclosures, House Prices, Supply, and Homeownership?

Foreclosures will likely widen the already alarming homeownership gap among income groups and racial groups, with low income and minority groups twice as likely to face foreclosure than higher income and non-minority groups and homeowners of FHA-insured loans three times as likely to face foreclosure. www.nar.realtor – Research

Continue Reading

May 2021 Existing-Home Sales Down for Fourth Straight Month as Home Prices Hit Historic High

Existing-home sales data show that housing market activity in May 2021 fell 0.9% from April 2021, but rose 44.6% year-over-year. www.nar.realtor – Research

Continue Reading

Disconnect Between Home Sales, Prices, and Rates

Posted To: Mortgage Rate Watch This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What’s up with that? […]

Continue Reading

Lumber Prices and Rising Rates Take a Toll on Builder Confidence

Escalating costs took a toll on builder confidence this month. The National Association of Home Builders (NAHB) said its Housing Market Index dipped two points from its February level. At 82 it is down 8 points from the all-time high it established last November. NAHB’s chief economist Robert Dietz said, while there is still a high […]

Continue Reading

Housing Market Update: Home Prices Increased a Record 17%, Pending Sales Up 19% From a Year Earlier

The average sale-to-list price ratio passed 100% for the first time as home prices surge….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

Continue Reading
suburban-neighborhood-GettyImages-825271528-1300w-867h

All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020

Placeholder Eighty-eight percent of the metros followed (161 areas) saw double-digit price increases. Media Contact:  Quintin Simmons 202-383-1178

Continue Reading

Home Prices Still Soaring; Rates Closing Out 2020 at Record Lows

For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we’re looking at “all-time low […]

Continue Reading

Housing Affordability Declines in October 2020 Amid Surging Home Prices

Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%. www.nar.realtor – Research

Continue Reading

Housing Affordability Declines in September 2020 as Median Family Prices Continue to Surge

At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August. www.nar.realtor – Research

Continue Reading