Three-quarters of starter-home listings are affordable for a household making the median income.
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Erica Drzewiecki is an associate editor at NMP.
Three-quarters of starter-home listings are affordable for a household making the median income.
Pending home sales rose modestly in August by 0.6%
Median purchase payment fell 5.2% YOY
Robin Benoit, who has served in an interim capacity since March 2024, takes on the role.
Refinance activity increased to 55.7% of total applications from 51.2% the previous week
Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
The FHFA has helped 6,299,035 homeowners avoid foreclosure since 2008.
July's 5% annual price gain down from June’s 5.5%.
Texas metros see largest improvement in affordability as 30-year-fixed mortgage rates hover near 6%
Impact of Fed rate cut on mortgage rates not yet tangible