Analysis and Data
An estimated 668,000 new homes were sold in 2023.
The profit actually marks the first decline in both gross profits and profit margins since 2011.
Economic growth surpasses forecasts, consumer spending remains strong, and housing market outlook brightens.
Severe winter weather impacted real estate activity, leading to an 8% decline in pending home sales.
The MBA's measures of affordability show slight improvement to close out 2023.
Unusual Sunday month-end contributes to delinquency increase; serious delinquencies dip, foreclosures reach 18-month low, and prepayments rise in housing market.
Homebuyers drive uptick as refinancing activity remains low.
Mr. Cooper Group's outgoing president and vice chairman Chris Marshall is heading to fintech firm.
Redfin and First American Data & Analytics reports reveal changing dynamics in real estate.
Higher mortgage rates in 2023 led to an increase in borrowers paying discount points, but the benefits may be limited, says Freddie Mac study.