Analysis and Data
Applications fell 1.2% from a week earlier.
Rising mortgage rates & home prices reducing affordability, even as supply grows.
IMBs reported a net gain of $223 per originated loan in 1Q 2022, down from $1,099 per loan in the previous quarter.
It's all due to the ongoing appeal of remote work
Hispanics and parents are doing the best.
Average perceived likelihood of an increase in housing assistance and affordable housing over the next 12 months declined to 37% in April 2022, from a peak of 52% in August 2021.
Redfin reports soaring mortgage rates cause sales drop.
Realtor.com reported Thursday that the median rent price hit $1,827 in April.
NBER working paper estimates that every percentage-point increase in remote work causes a 0.93% increase in house prices.
Gross rental yields dropped in 72% of the counties surveyed.