Report from Redfin shows largest annual gain in almost three years
Analysis and Data
Expenses Reach Second-Highest Level Ever Recorded, says Mortgage Bankers Association
Realtor.com report indicates 40.1% of homes are exposed to wind, heat and air quality
Guaranteed Rate's study attributes the rise to climate risks and other factors.
Freddie Mac's Chief Economist warns of persistent inflation pressure despite recent rate dip, suggesting prolonged elevated rates in the mortgage market.
Mortgage rates remain high, but buyers are wading into the market
New listings are up 21% annually, evidence of rate lock weakening.
Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.
Latest data from the Mortgage Bankers Association reveals significant shifts in application volume, driven by declining rates and robust refinance demand, while purchase applications show steady growth despite lingering challenges in the housing market.
Despite a 3.2% increase from last year, Federal Reserve is expected to hold off amid lingering inflation concerns; housing expenses remain stubbornly high.