According to Black Knight’s latest Mortgage Monitor, the delinquency rate for loans in the U.S. increased by 4 basis points in August, reaching 3.17%. However, this rate is still nearly one percentage point lower than the average for the same period between 2015 and 2019. The report also highlights a decline in serious delinquencies, with […]
Black Knight reports that early-stage delinquencies are on the rise. Read More »
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.
Recently, there has been a slowdown in HELOC activity after reaching a 15-year high in 2022. The Mortgage Bankers Association has provided data on how HELOCs have been utilized over the years. Home renovation and remodeling remain the primary reasons for utilizing HELOCs, followed by debt consolidation, emergencies, and other big-ticket financing. The MBA’s 2023
What are the ways homeowners are utilizing their HELOCs? Read More »
rewrite the content without plagiarism for 1500 words Recent analysis from the NAHB’s Eye on Housing shows that for new single family homes, the median single-family square floor area declined to 2,191 square feet, the lowest reading since the end of 2010. In addition, the average (mean) square footage for new single-family homes fell to
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 much
Black Knight Says Inventory Levels Continue to Deteriorate Read More »
According to the latest CoreLogic Loan Performance Insights Report, in January 2023, 2.8% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This figure represents a 0.5-percentage point decrease in the overall delinquency rate compared with January 2022. CoreLogic says measuring early-stage delinquency rates is important for analyzing the
US Mortgage Delinquencies Fall for 22nd Straight Month Read More »
Realtor.com says not all corners of the U.S. are quite as “new-home parched” as others. They say there are many places across the nation where builders are putting up new homes to meet growing demand – especially in areas where the dollar stretches further. As you might have guessed, most of these locations are in
Where are America’s New Home-Building Boomtowns? Read More »
We first heard about this property back in the Fall after a Maryland couple with a bank contract to buy a vacant foreclosed home went to move in, but there was rental truck in the driveway moving someone else in! When the new owners confronted the people moving in, the men showed them what they
The National Association of Home Builders says single-family market share continues to shift away from large metro areas. Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to
Single-Family Market Share Continues to Shift Away from Large Metros Read More »
With Springtime in full gear now is a good time to get up to speed with those deadly whirlwinds that few of us ever want to see firsthand, tornadoes. Today’s infographic from Weather.gov tells us about the various types of tornadoes and how to correctly identify them. In addition, Home Depot has put together a