Trends

Twenty-four percent of U.S. county housing markets were less affordable than their historic affordability averages during the third quarter
Home prices and sales last month were still on the rise while inventory continued to shrink, according to data released by Redfin.   U.S. home prices increased seven percent on a year-over-year basis in January while home sales gained 5.6 percent during the same period. The Dallas-Fort Worth had... Keep Reading....
Average mortgage rates took a slight dip in the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 4.17 percent for the week ending Feb. 9, down from last week when it averaged 4.19 percent. The 15-year FRM this week averaged 3.39 percent,... more
The intersection of marriage and homeownership is growing wider
The intersection of marriage and homeownership is growing wider, as a new data study from Zillow has found almost 15 percent of all homebuyers between the ages of 24 and 35 during 2015 were unmarried couples, up from 11 percent in 2005.   In some markets, there is a greater prominence of unmarried... more
This year got off to a good start in terms of mortgage credit availability
This year got off to a good start in terms of mortgage credit availability, according to new data from the Mortgage Bankers Association (MBA).   During January, the MBA’s Mortgage Credit Availability Index (MCAI) increased 1.1 percent to 177.1 in January. Three of the four component indices saw... more
Last year’s home price levels ended in an up-up-and-away manner, according to the latest data released by CoreLogic.   Home prices nationwide, including distressed sales, increased by 7.2 percent on a year-over-year measurement in December 2016. On a monthly measurement, December’s home prices saw... more