Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

Analysis and Data
Home Flipping Fizzles Slightly, But Investor Profits On The Rise

Profit margins improved in the second quarter for the fourth time in five quarters, with a typical gross return of 30.4%

Analysis and Data
Federal Reserve Cuts Benchmark Rate By 50 Basis Points

The aggressive start to its rate-cutting cycle signals policymakers' intention to maintain a "solid labor market," Powell remarked

Analysis and Data
Mortgage Applications Jump 14.2%

Refinance applications more than double year-over-year

Analysis and Data
Existing Home Sales Fell In August, A Trend Expected To Continue

Redfin reported sales of existing homes fell 3.1% year over year in August; Fannie Mae's September 2024 commentary anticipates the annual pace to be the slowest since 1995

Analysis and Data
Home Prices See Largest Increase In Four Months

Redfin says home prices continue to rise in part because of low housing supply.

Analysis and Data
Raleigh, Nashville, Phoenix: Baby Boomers Mortgage Bliss

SmartAsset study reveals Raleigh has highest rate of mortgages issued to baby boomers in 2023, with Atlanta boasting the greatest number of such loans

Analysis and Data
New Home Mortgage Applications Up 4.4% Annually In August

Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.

Analysis and Data
Consumer Resilience Buffered By Residential Mortgage Market

Substantial home equity has boosted consumer financial health, but risks remain in non-mortgage consumer lending

Analysis and Data
Existing-Home Sales Improve From July To August

Fewer existing-home sales than last year indicate affordability and inventory challenges continue to plague purchase borrowers

Analysis and Data