Analysis and Data
Redfin says the houses being purchased are smaller by 31 square feet.
Use of alternative funding is more prevalent among minorities and lower income borrowers.
Month-over-month, sales in March fell in three of the four major U.S. regions, while holding steady in the West.
Since ARM loans typically have lower rates than fixed mortgages, they’ve become more attractive to borrowers.
Wharton real estate professor says effects of higher prices and mortgage rates should correct soon
Austin, TX market hardest hit with increase of 63.2% year-over-year
About half (51%) of homeowners have a rate under 4% — substantially below today’s level of 5%.
Economist: Builder sentiment remains higher than pre-pandemic, as several long-term trends continue to boost demand for new construction.
The MBA's Loan Monitoring Survey revealed that the total number of loans now in forbearance fell 13 basis points.
Survey respondents also expect to lose access to credit and spend more for household goods.