Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
Ryan Kingsley is a contributing writer for NMP.
Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
Maxwell reported the share of HELOCs rose 31% quarterly and 61% year over year to comprise 3.88% of the second-quarter market.
New-home sales from January through July rose 2.6% compared to the first seven months of 2023
Higher-priced properties see largest price gains as investor purchases and market share rise
Matching a summer decline in sentiment, builders continue to grapple with high construction and development costs
Low affordability causing buyers to hesitate has led more builders to cut prices so as to bolster sales
San Jose and Las Vegas home to 27% year-over-year growth in investor purchases
Core inflation — less food and energy — remains slightly higher than the all items index
A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity
"We're nearing that time," Fed Chair Powell said of a reduction in the policy rate.