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Buyers and sellers are still waiting for the right time to jump in
Growth in servicing and products helps IMBs shine in 2024
A slight drop in interest rates is expected to give the market a boost in the second half of the year.
Contract signings down in all four U.S. regions
Monthly payments for a starter home are unaffordable for median-income families in half of the 50 largest U.S. metros.
That figure is up from the previous estimate of 2.8%, according to the Bureau of Economic Analysis.
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.
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade
Refinance applications up 85% year-over-year