Analysis and Data
Despite the number of homes for sale slowly growing, the number of pending sales continued to slide as summer commenced.
Economists estimate it will take between $8.4 and $53 billion to prevent a new wave of evictions.
Freddie Mac's Primary Mortgage Market Survey reported that the 30-year fixed-rate mortgage averaged 2.98% for the week ending July 1, 2021.
The Federal Housing Finance Agency revamped its National Mortgage Database with new, expanded statistical products for the first time since 2018.
Homebuyers care most about affordability, transparency, and the time it takes to close.
In Florida’s housing market, potential buyers are better off postponing homeownership until prices cool down.
Pending home sales rose 8% month-over-month and increased 13.1% year-over-year.
Mortgage application volume fell to the lowest level in almost a year and a half.
The National Home Price NSA Index reported a 14.6% annual gain in April, up from 13.3% in the previous month.
Social media and celebrities could be the key to attracting more millennial and Gen Z homebuyers, especially those who saved big during the pandemic.