Nearly 40% Fewer Homes for Sale Since Last Year
The number of U.S. homes for sale dipped below 700,000 for the first time, setting a new low mark for listed inventory, according to the Monthly Housing Trends Report published… Read more »
Tag: Daily Dose
Housing Market Will Stay ‘Hot’ in the New Year
There’s no shortage of people ready, willing, and able to buy homes, according to the latest report from Redfin. In fact, the four-week period ending on December 13 has shown… Read more »
The Only Constant is Change
Editor’s note: This story originally appeared in the December edition of MReport. The mortgage and housing industries are always evolving—developing advanced technology, discovering new ways to engage with consumers, adapting to… Read more »
Experts Anticipate ‘Strong Activity’ for the 2021 Housing Market
The National Association of Realtors (NAR) released a 2021 consensus outlook on the economy and housing market at its virtual Real Estate Forecast Summit. The consensus includes predictions from more… Read more »
FHA Announces New Automated Underwriting System for Lenders
The Federal Housing Administration (FHA) has launched a new automated underwriting system (AUS) for single family forward mortgages. The “FHA Catalyst: Single Family Origination Module –AUS” enables lenders to electronically… Read more »
A Move Away From Entry-Level Homes?
The Mortgage Banker’s Association or MBA recently released the results of a survey for the week ending on October 2, 2020. The volume of mortgage loan applications increased by 4.6%… Read more »
The State of Americans’ Home Equity
The most recent of CoreLogic’s quarterly reports on Americans’ home equity shows that, nationwide, homeowners with mortgages (approximately 63% of all properties, according a 2016 American Community Survey) have experienced… Read more »
Peak Homebuying Season Arrives Late
Realtor.com predicted the peak of home buying season will be in August this year as opposed to the usual May. “Real estate activity in the U.S. has regained its strength… Read more »
The Week Ahead: Examining Q2 Home Prices
On Wednesday, the National Association of Realtors will release its NAR Q2 Metro Home Prices Report, covering quarterly median single-family price data for approximately 175 Metropolitan Statistical Areas (MSAs). The… Read more »
Millennials Leading Homebuying ‘Boom’
Data show that 20-40 year olds represent the most significant opportunity in the housing market today. Purchase activity by millennials is rising, according to the Ellie Mae Millennial Tracker. Census… Read more »