Analysis and Data

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Clear Capital's October 2021 Home Data Index reported that home price growth was at 5.3% on a quarter-over-quarter basis and close to 20% year-over-year.

Redfin reports that one third of homes sold in the past four weeks went under contract within seven days of hitting the market.

Each of the four major U.S. regions saw contract activity decline with the Northeast weathering the largest yearly drop. 

Through rapid and aggressive hiring, SitusAMC plans to beef up capacity to meet the high demand of consumers in today’s market. 

Both first-time and repeat homebuyers have their fair share of fears as they navigate the process, however, these fears aren't alike.

The housing industry's ever-competitive market is driving some homebuyers to even consider looking into haunted houses.

CoreLogic digs through its data to unearth the spooky details, as well as looking at the potential for house price declines a year from now.

With U.S. house prices hitting record highs this year, it's clear that it is becoming harder for prospective homebuyers to afford a home, especially if prices are rising faster than income.

"August data also suggests that the growth in housing prices, while still very strong, may be beginning to decelerate," says Craig J. Lazzara.