Analysis and Data
House price index showed strong quarterly growth, but an April decline
S&P CoreLogic Case-Shiller Index posts 20.6% year-over-year in March, highest in its 35-year history
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
Sixth consecutive month of declines
Adjustable rate mortgages going up.
The national median payment applied for by applicants jumped 8.8% in April to $1,889 from $1,736 in March.
Miami, Phoenix, and Tampa are the top three places for New Yorkers and Los Angelenos.
Nearly half (45%) of 2022 seller-buyers plan to buy outside of their current city or town; 9% say they would move out of state for better deals.
Miami, San Jose and Los Angeles have the highest percentage of foreign homeowners in the top 50 markets
Applications fell 1.2% from a week earlier.