Analysis and Data

First American Data & Analytics cites rising mortgage rates and restricted supply as driving forces; First-time homebuyers face the brunt of the surge.

Fannie Mae's ESR Group anticipates minor economic contraction amid waning inflation and rising mortgage rates; housing market to stay subdued through 2024.

First American Chief Economist Mark Fleming underscores the market's sensitivity to rate fluctuations, drawing parallels with the Global Financial Crisis and emphasizing the need for rate stability for a recovery.

Redfin report reveals record-breaking cancellations as homebuyers grapple with high interest rates and mounting housing costs.

Achieve's survey reveals nearly half of borrowers apprehensive about future debt as economic challenges mount and new mortgage guidelines come into play.

Homebuyers advised to shop around.

Housing analysts attribute low pending home sales to a variety of factors.

New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.

Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.

Shifts in primary, secondary, and demand components of mortgage spreads challenge affordability; analysts predict rates may stabilize between 6.5-7.5% for the year.