First American’s proprietary Potential Home Sales model for the month of June 2017 shows that a supply and demand imbalance continues to put upward pressure on house prices and is squeezing affordability. In June, potential existing-home sales increased to a [Read More]
According to the June Zillow Real Estate Market Reports, the national median home value is now $200,400, up about 7.5% since this time last year and representing the first time that the typical U.S. home is worth over $200,000. “Even [Read More]
Home prices continued trending upward across the country during the last 12 months, according to the S&P/CoreLogic Case-Shiller Indices, which reported a 5.5% annual gain in April – down from 5.6% the month prior. The 10-city composite annual increase came [Read More]
According to recent data from Clear Capital, nationally, quarter-over-quarter home price growth has slowed slightly from 0.9% to 0.8%, but the aggregate measure disguises a growing regional divide. For instance, Florida metros Jacksonville, Orlando and Tampa all experienced a boost [Read More]
Zillow recently performed an analysis on home prices, down payments and mortgages, finding that in more than half of the nation’s 35 largest markets, buying the typical home listed for sale requires a greater share of income than the median-valued [Read More]
Currently, CoreLogic is forecasting that home prices will increase 5.1% from April 2017 to April 2018.
Mortgage origination volume fell 34% in the first quarter compared with the fourth quarter, driven mainly by a 45% drop in refinances, according to Black Knight Financial Services’ Mortgage Monitor report. Overall, lenders originated about $372 billion in first-lien mortgages [Read More]
U.S. home prices continued their upward climb in March, rising 0.3% on an adjusted basis compared with February and rising 5.8% compared with March 2016, according to the S&P CoreLogic Case-Shiller Indices. The index’s 10-city composite increased 0.9%, on an [Read More]
U.S. home prices hit another new peak in March, rising 1.3% compared with February and 5.8% compared with April 2016, according to Black Knight Financial Services’ home price index report. The average price for a home hit $272,000, up from [Read More]
Existing-home sales were at a seasonally adjusted annual rate of about 5.57 million in April – down 2.3% from a downwardly revised estimate of 5.70 million in March, according to the National Association of Realtors (NAR). Despite the month-over-month decrease, [Read More]
Despite the fact that the average U.S. home price increased during the first quarter, the number of homeowners who were “seriously underwater” on their mortgages jumped, due mainly to the many depressed pockets across the country where home appreciation has [Read More]
U.S. home prices increased 1.6% in March compared with February and increased 7.1% compared with March 2016, according to CoreLogic’s home price index report. The firm notes that it revised its estimates for February. As of the end of March, U.S. [Read More]
U.S. home prices increased 0.4% on an adjusted basis in February compared with January and increased 5.8% compared with February 2016, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Not only was it the fourth consecutive month [Read More]
U.S. home prices increased 0.8% in February compared with January and increased 5.7% compared with February 2016, according to Black Knight Financial Services’ home price index report. The average price for a home hit a post-crisis high of about $268,000, surpassing [Read More]
Existing-home sales in March reached an annual pace of 5.71 million, up 4.4% from a downwardly revised 5.47 million in February and up 5.9% compared with March 2016, according to the National Association of Realtors (NAR). It was the strongest [Read More]
Housing starts in March were at a seasonally adjusted annual rate of 1.215 million, a decrease of 6.8% compared with a revised 1.303 million in February but an increase of 9.2% compared with 1.113 million in March 2016, according to [Read More]
A return of winter weather that affected the construction segment, plus sharp job losses in the retail sector, caused the March jobs report to come in much lower than expected.
Rising home prices significantly decreased the number of underwater borrowers and boosted the amount of “tappable” equity that they have in their homes in 2016, according to Black Knight Financial Services’ Mortgage Monitor report. As of the end of the [Read More]
Home prices keep increasing, but at some point, rising interest rates will impact affordability and cause a leveling off.
The default rate for first mortgages crept up slightly to 0.74% in February, rising from 0.72% in January, according to the S&P/Experian Consumer Credit Default Indices. Still, the default rate for first mortgages was down from 0.84% in February 2016. [Read More]