Analysis and Data
Change reflects builders looking to maximize affordability; buyers wanting more space better off shopping older homes
Refinance apps slip while purchase apps gain ground; average purchase loan size heads down
Prolonged lags in existing home sales contribute to reduced household spending, services output, economist notes
Redfin’s latest data shows market shifts continue to favor buyers as sale prices peak, concessions grow, touring activity rises
Continues ‘general moderation’ since beginning of last year, Fannie Mae says
Economist’s analysis finds the pendulum has swung toward renting, making local expertise more important than ever for mortgage pros
Foreign buyers purchased $56B in U.S. homes last year — a 33% increase — though overall activity remains near historic lows
Though homeownership rates among Black Americans have improved, they still lag behind other racial groups
Purchase and refinance activity stall; VA refinances reverse prior week’s gain
Complexity is rising — and so are the costs of getting fees wrong