Analysis and Data
National Association of Home Builders attributes levelling off to high rates and low confidence
Payments past due increased on all loan types this year, the MBA reported
Freddie Mac reported the 30-year fixed-rate mortgage (FRM) averaged 7.02% this week
High home prices and interest rates keep buyers and sellers stagnant, Redfin reports.
The NAHB/Wells Fargo Housing Market Index shows the use of sales incentives rose 2% month over month.
Department of Labor's April Consumer Price Index increased in line with expectations
Foreclosure starts decreased 7% from last month and completed foreclosures increased 8% from last month
Compared to March 2024, applications increased by 2%.
And 44% have taken on extra debt to maintain their lifestyle, according to a new survey from Clever Real Estate.
Nearly one-third of consumers said it is difficult or very difficult for them to pay their recurring debts on time.