Analysis and Data
The total value of homes in Austin, TX surged by close to 40% in the past year, twice as fast as the entire U.S. which saw values rise 18.6% over the past year.
A record number of users surfed Zillow during the pandemic to escape from stress and daydream about starting over elsewhere.
Black home sellers say their valuations shoot up when white friends pose as the property owners.
The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.
Refinance applications were up 18%, driven mainly by a 22% jump in conventional applications.
89% of respondents believe the loan application experience was more stressful or equally as stressful as the home-buying experience.
CoreLogic's Home Price Index reported annual home price appreciation increased by 18.5% for Dec. 2021.
The California Association of Realtors took issue with the nearly finalized budget, stating that the development of homeownership should be an integral part of the other initiatives included within the budget.
The share of second home transactions rebounded in the fourth quarter to 5%.
Demographic shifts, changes in consumer housing preferences, low mortgage rates, and rapidly rising rental prices.