September saw a 1% decrease in existing home sales.
National Association of Realtors Reports Decrease in Existing Home Sales The National Association of Realtors latest report reveals a 1% decrease in existing home sales in September, with a seasonally-adjusted annual rate of 3.84 million – marking a 3.5% decline year over year. Total housing inventory at the end of September was 1.39 million units, […]
CoreLogic’s latest report on US home prices for September 2024 reveals a continued upward trend in the housing market.
CoreLogic Home Price Insights Report: July 2024 According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023. On a month-over-month basis, home prices grew by 0.01% in July 2024 compared with one year ago. CoreLogic says […]
August 2024 Mortgage Market Update
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage […]
In June, home purchases experienced the highest rate of falling through on record.
According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home […]
FHFA Says Home Prices Up 6.3% from Last Year
According to the most recent Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices increased by 0.2% in April. Additionally, there was a 6.3% increase in house prices from April 2023 to April 2024. The FHFA HPI is a comprehensive collection of public house price indexes that track changes in single-family home values […]
Existing Home Sales Down Slightly in May
[ad_1] The National Association of Realtors has reported a 0.7% decrease in existing home sales in May, with a total of 4.11 million homes sold at a seasonally-adjusted annual rate. This marks a 2.8% decline compared to the previous year. Inventory levels have increased, with 1.28 million units available at the end of May, representing […]
ICE Mortgage Monitor – June 2024
According to the latest ICE Mortgage Monitor (formerly Black Knight), the national delinquency rate eased to 3.09% in April, a 22 basis point improvement over last year. In addition, they report that delinquencies fell to their lowest level since the record low of March 2023. The ICE Mortgage Monitor provides a view of the current […]
Despite profits continuing to rise, the activity of flipping has seen a decline.
The latest U.S. Home Flipping Report from ATTOM reveals that in Q3, 2023, a total of 72,543 single-family houses and condominiums were flipped, accounting for 7.2% of all home sales during that period. ATTOM also reports that investor returns have been increasing for the past three quarters, with margins and raw profits reaching their highest […]
Foreclosure Activity Rises by 28% in the Third Quarter of 2023
According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, the number of U.S. properties with foreclosure filings (default notices, scheduled auctions, or bank repossessions) has increased by 28% from Q2 and 34% from the previous year. In September alone, there were 37,679 U.S. properties with foreclosure filings, which is an 11% increase from […]
Black Knight Says Inventory Levels Continue to Deteriorate
[ad_1] According to Black Knight’s latest Mortgage Monitor, home prices saw their first monthly increase after 7 straight monthly declines as sales picked up on lower interest rates. However, they point out that available inventory levels continue to deteriorate. Indeed… “The unfortunate reality is that the scarce supply of inventory that’s the source of so […]