Foreclosure Activity Up From 2022, But Down From Pre-Pandemic Levels
A total of 357,062 U.S. properties had foreclosure filings—default notices, scheduled auctions and bank repossessions—in 2023, up 10% from 2022 ...
Tag: Housing Affordability
Mortgage Rates Continue to Hover in the Mid-Six Percent Range
The 30-year-fixed-rate mortgage changed little this week, averaging 6.66%, a slight increase from last week’s average of 6.62%, according to ...
Home Price Growth Speeds Up Again in November
Single-family home prices increased by 5.2% year-over-year in November, the strongest annual growth rate recorded since January 2023, according to ...
How Mortgage Rates Affected Home Affordability in 2023
Despite their current downtrend, mortgage rates had a heavy affect on homeowner affordability in 2023. Specifically, buying power (a homebuyer's ...
Mortgage Rates Move Sideways as Markets Digest Incoming Data
The 30-year-fixed-rate mortgage remained flat this week, averaging 6.62%, relatively the same as last week’s decline to 6.61%, according to ...
After Brief Surge, Mortgage Applications Continued Decreasing Over Two-Week Period
Mortgage applications decreased a notable 9.4% this week from two weeks earlier (the last report before the Christmas holiday), when ...
Pending Home Sales Flat in November
Pending home sales in November were identical to those in October, according to this month’s report from the National Association ...
Mortgage Rates Remain on Downward Trend Heading Into the New Year
The 30-year fixed-rate mortgage (FRM) averaged 6.61%, down from last week’s dip to 6.67%, according to the latest Primary Mortgage ...
Home Affordability Remains a Challenge in Q4 2023
Despite recent positive economic developments—lowering mortgage rates below 7% and a second consecutive rate pause from the Fed—housing affordability continues ...
Rent Prices Continue Seven Month Fall
The median U.S. asking rent fell $12 to $1,717 in November, the seventh consecutive month of year-over-year declines, according to ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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