Analysis and Data

Mortgage Credit Availability Drops Again, Leaving Borrowers High and Dry

Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.

Monthly home value growth of 1.4% is the highest since June 2022.

Black Knight says locks remain suppressed by high rates, lack of inventory.

Economists tell real estate editors to expect some improvement in the housing market in 2024.

Filings rose 7% from April and 14% from a year earlier.

The 30-year fixed-rate mortgage averaged 6.71%, down 8 basis points from the previous week.

3 separate reports show low inventory affecting homebuyers’ perceptions.

The 0.7% YOY decline in Q1 is equal to an average loss of $5,400 per borrower from Q1 2022.

Redfin says all-cash home purchases in April hit highest level since 2014.