Analysis and Data
RE/MAX report says home sales fell below the previous year in every month of 2022.
While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.
Both purchase and refi applications spike as mortgage rates fell in second week of 2023.
LendingTree survey finds one in five have issues with appraisals, though.
Home prices in the quarter grew at 9.2% YOY, down from 13.1% YOY in the third quarter.
Redfin: Falling rates, signs that inflation is improving bringing buyers back to the market.
Bank reports 4Q earnings cut in half due to settlements, fewer mortgage originations.
JPMorgan Chase, Bank of America each post strong 4Q 2022 results.
After rising the previous week, the 30-year fixed mortgage fell to 6.33%.
CPI report shows YOY rate at 6.5%, down from 7.1% in November.