Housing starts recovered in May after falling more than 9 percent in April but permitting had another lackluster month. The U.S. Census Bureau and Department of Housing and Urban Development report that residential units were started at a seasonally ad...
The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped 2 points in June. The Index, a measure of home builders' confidence in the market for newly built homes, fell to 81, its lowest reading since last Au...
A new report from the National Association of Realtors® (NAR) says that the demand for and sale of vacation homes soared during the pandemic. While that impetus may be winding down, we wonder if we are about to see an example of "push comes t...
Mortgage application activity bounced back from the Memorial Day holiday week with a seasonally adjusted increase of 4.2 percent in the Mortgage Bankers Association's (MBA's) Market Composite Index. On an unadjusted basis the index rose 15 ...
Lenders aren't taking the refinance boom for granted. Fannie Mae's second quarter Mortgage Lender Sentiment Survey found most respondents do not expect business, and therefore profits, to remain at current levels. Sixty-nine percent said profit margins...
It is hardly a surprise given the rapid increase in home prices, but homeowners gained another $1.9 trillion in equity in the first quarter of this year. CoreLogic's Homeowner Equity Report says homeowners with mortgages, (about 62 percent of all prope...
Redfin says the second home market appears to be cooling although annual sales, measured by mortgage rate locks, were up nationwide by 48 percent in May. The company says, while that increase is substantial, it is the first time in a year that annual g...
The Mortgage Credit Access Index (MCAI), the Mortgage Bankers Association's (MBA's) measure of credit availability, rose 1.4 percent in May to a 129.9 reading. An increase in the index indicates a loosening of mortgage underwriting standards.The Conven...
April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate of price increases , 14.8 percent, was the highest in the company's records dating back to the mid-...
