Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Analysis and Data
Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Analysis and Data
Redfin: Cost of Buying A Home Hits New Record

Amidst mortgage rates climbing, the median U.S. home-sale price increased 5% from a year ago.

Analysis and Data
Homeowners Insurance A Growing Concern in Florida and California

Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says

Analysis and Data
California Home Sales Decline In March, Despite Increased Listings

The California Association of Realtors reports that the median home price rose 7.7% year-over-year.

Analysis and Data
Housing Starts Down 4.3% YOY

March’s single-family housing starts came in at 1,022,000, per the U.S. Census Bureau

Analysis and Data
Black Homebuyers Use 401Ks To Afford Down Payments

17% of Black homebuyers used their 401k and pensions, higher than any other group.

Analysis and Data
Mortgage Applications Increase From Last Week

Rates climbed up for the second consecutive week, posting a 3.3% increase.

Analysis and Data
Fannie Mae: Home Prices See YOY Increases

Quarterly, home prices rose a seasonally adjusted 1.7% in Q1 2024, essentially the same as the growth in Q4 2023.

Analysis and Data
Home Price Growth Cools; Starter Homes An Exception

First American's March HPI makes monthly gain of 0.9%

Analysis and Data