Analysis and Data
The 54,300 existing homes international clients bought from April 2023 to March 2024 is 36% fewer annually.
As buyers anxiously await lower mortgage rates, home builders cut prices
On an unadjusted basis, the Market Composite Index, a measure of mortgage loan application volume, increased 30% compared to last week.
Total number of homes increased 23% from last year, up 4% from May to June
Despite subdued investor activity, rising sentiment presages a broader return to the market as it softens.
New home buyers shopping in virtually nonexistent price tier
House prices nationally are now 54.7% higher compared to pre-pandemic levels.
Redfin data shows a homebuying window has opened
In worst market in decades, nonbank mortgage companies saw market share boosted last year.
MBA releases report analyzing ICE Mortgage data