Analysis and Data

Coming Up:
NAR: Pending Home Sale Index Hits All-Time Low

Contract signings down in all four U.S. regions

Analysis and Data
Those Just Starting Out Can't Afford A Starter Home

Monthly payments for a starter home are unaffordable for median-income families in half of the 50 largest U.S. metros.

Analysis and Data
Second Quarter GDP Revised Upward To 3%

That figure is up from the previous estimate of 2.8%, according to the Bureau of Economic Analysis.

Analysis and Data
Second Quarter Loan Volumes Lagged 2023's Spring Season, Despite Spike

Residential loans increased 23% quarterly, but total residential lending activity is down 1.6% from Q2 2023 and down 61.2% from 2021's peak.

Analysis and Data
Down Payments Increase 15% Annually In June, Outpacing Price Appreciation

The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade

Analysis and Data
Purchase Applications Slow To Follow Lower Rates

Refinance applications up 85% year-over-year

Analysis and Data
House Prices Fell From May To June

Despite year over year increases in all nine Census divisions, price appreciation is slowing overall

Analysis and Data
Delinquencies Jumped And New Credit Growth Stalled In July

Consumer credit utilization decreased to 51.6% down from the prior month, hitting a new four-year low.

Analysis and Data
Loan Amounts Rise, Loan Counts Fall In Second Quarter

Maxwell reported the share of HELOCs rose 31% quarterly and 61% year over year to comprise 3.88% of the second-quarter market.

Analysis and Data
Pending Sales Of Starter Homes Up 10% Annually

Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates

Analysis and Data