The pace of new home sales in February is up 5.9% from a year earlier.
Analysis and Data
Redfin report reveals home affordability still low
A total of 6,000 foreclosure sales were completed in February, a 9% decrease from January and the second-lowest level in the previous 12 months.
S&P CoreLogic Case-Schiller and FHFA home price indices both note slight decline from December, though.
Fourth-quarter decline in median appraised value concentrated in the Midwest, FHFA reports.
New data from American Enterprise Institute (AEI) shows continued HPA
30% of millennials and Gen Zers moved up credit tiers within the past two years, more than older consumers.
Redfin reported home supply climbed 5%, the biggest increase in almost a year.
Freddie Mac reported that the average 30-year fixed-mortgage rate climbed 13 basis points from last week.
National Association of Realtors report points to sales rising everywhere except the Northeast