by Karen | Jan 20, 2023 | Housing Market
A dip in mortgage interest rates is spurring demand from homebuyers, according to a new report from the Mortgage Bankers Association. Mortgage applications last week jumped 28% from the week prior, according to seasonally adjusted data. The bankers association’s...
by Karen | Jan 20, 2023 | Housing Market
Builder sentiment in the single-family housing market posted an unexpected gain in January, rising for the first time in 12 straight months. Economists had predicted a slight decline. Sentiment rose 4 points to 35 on the National Association of Home Builders/Wells...
by Karen | Jan 20, 2023 | Mortgages
The numbers: A dip in mortgage rates prompted mortgage demand to rise a seasonally adjusted 27.9% As mortgage rates dropped across the board, demand for both purchases and refinancing increased. That pushed the market composite index up, a measure of mortgage...
by Karen | Jan 20, 2023 | Housing Market
Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a year-over-year basis. But...
by Karen | Dec 12, 2022 | Housing Market
The latest iteration of the First American Financial Corporation’s Real House Price Index (RHPI) covering September 2022 was recently released which as a whole found real home prices increased 10.5% over August 2022. The RHPI aims to measure the price changes of...
