Bidding Wars Dropped to 2021 Low in September
In September, 58.9% of home offers written by Redfin agents faced competition, a record low for 2021, according to a new report. That’s down from a revised rate of 60.8%… Read more »
Tag: Data
Renters at Greater Risk Than Homeowners After Protections End
As federal and state pandemic programs come to an end, renters are more at risk than homeowners of falling—and being left behind—as the economy begins to recover. According to a report released… Read more »
Mortgage Rates Dip and Continue to Hover Below the 3% Mark
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) has shown that the 30-year fixed-rate mortgage (FRM) averaged 2.86% for the week ending September 16, 2021, down slightly from last week’s… Read more »
Despite Rise in Inventory, Mortgage Application Volume Declines
The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found mortgage applications sliding 1.9% from one week earlier. The MBA’s Market Composite Index, a measure of… Read more »
Home Prices Hit 45-Year High
Record high home prices compounded with a shortage of available units have caused home prices to shoot up 18% on average across the nation. CoreLogic’s latest Home Price Index (HPI) and HPI… Read more »
Homebuyer Optimism Increases
Home purchase sentiment is down on an annual basis and remains relatively flat month over month. The good-time-to-sell-rough-time-to-buy feeling remains strong among consumers, however the Fannie Mae Home Purchase Sentiment… Read more »
No. 1 Homebuyer Hurdle
Elevated home prices have made the prospect of purchasing property for the first time especially daunting. Broadly speaking, that has not quelled Americans’ desire to become homeowners, shows a LendingTree… Read more »
5-Month Streak Ends: Home Prices Hold Steady
For the first time since early March, the median home sales price missed hitting a month-over-month record high, remaining relatively flat from June through July yet still significantly elevated since… Read more »
Mortgage Rates Fall to 2.9%
Mortgage rates continued to trend downward this week, as Freddie Mac reported the 30-year fixed-rate mortgage (FRM) slid down to 2.90%, dropping eight basis points from last week’s total of… Read more »
Addressing Concerns About Home-Equity Loans
With home prices accelerating as they are, homeowners today are sitting on a collective $22.7 trillion in equity, the highest amount since analysts began collecting such data in 1945. That… Read more »