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
New-Home Sales See July Uptick On Revised Data

New-home sales from January through July rose 2.6% compared to the first seven months of 2023

Analysis and Data
Mortgage Payments' Drop Coaxes House Hunters Back To The Marketplace

Redfin’s Homebuyer Demand Index — which measures requests for tours and other buying services — has risen 4% over the last week.

Analysis and Data
30-Year Fixed-Rate Mortgage Down Three Basis Points

Rates will need to decline another percentage point to entice buyers, Freddie Mac says

Analysis and Data
Existing Home Sales Still Sluggish

First-time homebuyers accounted for 30% less purchases this June

Analysis and Data