Tue, Nov 1 2022, 12:39 PM
Annual home price growth remained in double digits in September even as home sales and purchase mortgage volume continued their months’ long declines....
Fri, Oct 28 2022, 11:37 AM
Inflation and the resulting increase in interest rates continued to dent home sales activity into the fall. The National Association of Realtors® (NAR...
Wed, Oct 26 2022, 9:41 AM
There was a slight increase in refinancing during the week ended October 21, but overall mortgage applications fell for the fifth straight week. The M...
Tue, Oct 25 2022, 3:36 PM
Home prices fell sharply again in August according to the two leading home price indices, both released this morning. The Federal Housing Finance Age...
Thu, Oct 20 2022, 4:08 PM
If anything, today's Existing Home Sales data is a bit of a bright spot in an otherwise gloomy housing market. Sure, the annual pace of sales is as l...
Wed, Oct 19 2022, 1:49 PM
The U.S. Census Bureau and the Department of Housing and Urban Development reported a small improvement in the number of permits issued in September a...
Wed, Oct 19 2022, 8:18 AM
Mortgage application activity fell again during the week ended October 14 as mortgage interest rates hit their highest level in 20 years. The Market B...
Tue, Oct 18 2022, 5:23 PM
The National Association of Homebuilders (NAHB) has only been publishing builder confidence numbers since the mid 1980s. It's possible--if not likely...
Fri, Oct 14 2022, 4:20 PM
Rent growth is coming down from its post pandemic pace, and rents may, in some isolated cases be inching lower according to two new studies. While the...
Wed, Oct 12 2022, 8:39 AM
Mortgage application volume fell again last week, but the declines were small compared to the double-digit declines in all indices during the week end...
Tue, Oct 11 2022, 2:24 PM
The Mortgage Bankers Association (MBA) released its Mortgage Credit Availability Index (MCAI) for the month of September today. The index uses borrow...
Wed, Oct 5 2022, 7:44 AM
There were two storms brewing last week and each contributed to driving mortgage applications to generational lows. The Mortgage Bankers Association (...
Mon, Oct 3 2022, 4:15 PM
Spending on residential construction, while down a bit in August and in spite of the gloom and doom about the housing market, continues to run signifi...
Wed, Sep 28 2022, 9:28 AM
Average mortgage interest rates increased significantly during the week ended September 23. As a result, the Mortgage Bankers Association (MBA) said t...
Tue, Sep 27 2022, 5:27 PM
The monthly New Home Sales data from the Census Bureau is usually just "there"--one of several monthly housing-related reports that makes no promises ...
Tue, Sep 27 2022, 3:33 PM
Today brought the release of the two biggest home price indices (HPIs) for the month of July from S&P Case-Shiller and FHFA. Both HPIs showed a marke...
Wed, Sep 21 2022, 12:42 PM
Seven straight months of slowing sales has reduced existing home transactions by nearly 20 percent from the same point in 2021. The National Associat...
Wed, Sep 21 2022, 9:29 AM
Mortgage application activity increased for the first time in six weeks during the period ended September 16 although the prior week had been shortene...
Tue, Sep 20 2022, 10:15 AM
Residential construction numbers were mixed in August. Home builders apparently worked on drawing down their backlogs of permits rather than seeking ...
Mon, Sep 19 2022, 1:32 PM
The National Association of Home Builder’s (NAHB’s) index measuring the confidence of builders in the new home market has fallen for the ninth straigh...
Wed, Sep 14 2022, 10:26 AM
Only a slight uptick in purchase mortgage applications kept all last week’s volume indicators from falling for the fifth straight time. The Mortgage B...
Tue, Sep 13 2022, 1:08 PM
Mortgage credit access tightened again in August, a trend that has been nearly continuous since the onset of the pandemic more than two years ago. The...
Wed, Sep 7 2022, 9:45 AM
The Mortgage Bankers Association (MBA) says the pace of mortgage applications slowed for a fourth consecutive time during the week ended September 2...
Wed, Aug 31 2022, 10:11 AM
The volume of mortgage applications fell again last week, dragged lower by refinancing which had its largest week-over-week decline since mid-May. The...
Tue, Aug 30 2022, 2:30 PM
Today brings the release of June's home price indices from both the FHFA (the regulator that oversees Fannie and Freddie, the entities that guarantee ...
Wed, Aug 24 2022, 11:20 AM
In last Thursday's Existing Home Sales press release, the NAR's chief economist said "we're witnessing a housing recession in terms of declining home ...
Wed, Aug 24 2022, 10:27 AM
The Mortgage Bankers Association, (MBA) says its Weekly Mortgage Application Survey for the week ended August 19 shows the volume of mortgage applicat...
Tue, Aug 23 2022, 12:29 PM
The headline conveys the thesis quite well when it comes to the New Residential Sales data just released by the Census Bureau. July's total fell to a ...
Thu, Aug 18 2022, 3:16 PM
Homes are still selling in record time, but affordability and low inventories are driving sales lower. The National Association of Realtor® (NAR) says...
Wed, Aug 17 2022, 8:57 AM
Mortgage application volume declined again last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume...
Tue, Aug 16 2022, 12:10 PM
Residential construction numbers fell again in July, giving credence to Monday’s National Association of Home Builders’ (NAHB’s) report detailing a ne...
Mon, Aug 15 2022, 10:51 AM
What a difference 4 months make! In April, the National Association of Homebuilders (NAHB) recorded a Housing Market Index (aka "builder confidence")...
Wed, Aug 10 2022, 9:01 AM
Mortgage applications rose slightly for the second week, driven by an increase in refinancing. The Mortgage Bankers Association (MBA) said its Market ...
Mon, Aug 8 2022, 3:45 PM
It will be a few weeks before we get the next installment of the bellwether home price indices (Case Shiller and FHFA), but today's Mortgage Monitor f...
Wed, Aug 3 2022, 9:02 AM
Mortgage application activity rose last week, reversing a series of declines that started in late June. The increase was modest; the Mortgage Bankers ...
Tue, Aug 2 2022, 1:46 PM
While annual price increases are still wildly aggressive, monthly gains indicate that the brakes may be on. CoreLogic says nationwide, home prices wer...
Wed, Jul 27 2022, 1:47 PM
Pending home sales broke out of a seven-month slump in May, gaining 0.7 percent. If this were baseball, we might now call it a “balk.” The National As...
Wed, Jul 27 2022, 8:55 AM
The number of applications for residential mortgages retreated for the fourth consecutive period during the week ended July 22 according to the Weekly...
Tue, Jul 26 2022, 12:42 PM
The pace of home price increases slowed slightly from April to May, but the change in each of the three S&P CoreLogic Case-Shiller indices and the Fed...
Tue, Jul 26 2022, 11:33 AM
New home sales fell again in June, more than wiping out the increase posted for May. The U.S. Census Bureau and the Department of Housing and Urban De...
Wed, Jul 20 2022, 2:52 PM
The National Association of Realtors (NAR) reported that June saw the 5th consecutive monthly decline in Existing Home Sales today. The annual pace o...
Wed, Jul 20 2022, 10:24 AM
The Mortgage Bankers Association (MBA) said today that its Market Composite Index, a measure of mortgage loan application volume, fell again during th...
Tue, Jul 19 2022, 12:58 PM
There were modest pullbacks in both the seasonally adjusted annual numbers of permits and housing starts in June. But it was only because of strong ga...
Mon, Jul 18 2022, 10:58 AM
The National Association of Homebuilders (NAHB) released it's Housing Market Index (HMI) for July this morning. This measure of builder confidence fel...
Thu, Jul 14 2022, 3:21 PM
The biggest issue with the two most widely followed home price indices (FHFA and Case Shiller) is that the underlying data is almost 2 months old by t...
Wed, Jul 13 2022, 11:25 AM
Mortgage application activity declined last week, again due, partially at least, to a holiday shortened business week. The Mortgage Bankers Associatio...
Wed, Jul 6 2022, 11:52 AM
The two-year explosion in home prices appears to be cooling a bit. Black Knight says annual appreciation was down in May for the second straight month...
Wed, Jul 6 2022, 10:48 AM
Mortgage application activities declined during the week ended July 1 after three straight weeks of improvement. The Mortgage Bankers Association (MBA...
Wed, Jun 29 2022, 10:41 AM
The volume of mortgage applications rose fractionally last week as rates edged down and applications for refinancing staged a small comeback. The Mort...
Tue, Jun 28 2022, 4:26 PM
It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time...
