Intense housing competition and soaring house prices prompted buyers to double their down payments.
Sarah Wolak is a staff writer at NMP.
Intense housing competition and soaring house prices prompted buyers to double their down payments.
Provides access to the names and NMLS IDs for those originating residential mortgage loans.
Prediction is based in part on U.S. home prices slowing for the fourth consecutive month.
homegenius says home prices rose at an annualized 12% from the month prior.
Freddie Mac survey finds 30-year fixed-rate mortgages now average 6.7%, more than double the rate at this point last year.
A panel of 107 housing market experts and economists predicted rent growth and inflation to outpace home appreciation.
Redfin says a house hunter looking for a $500,000 home saw their potential total mortgage payment decrease $64,000 from July to August, but jump up $118,000 from August to September.
First American report states that, a year ago, only four markets were considered overvalued.
Both the FHFA House Price Index and the S&P CoreLogic Case-Shiller Index reported declining housing prices nationwide.
Redfin reports that nine of the 10 housing markets holding up best are either in the Midwest or on the East Coast.