According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index (MCAI), U.S. mortgage credit availability decreased in June 2020.
Despite a dip in newly pending sales, homes are flying off the market at a record pace and inventory remains incredibly scarce.
A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.
Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 3, 2020, U.S. mortgage applications increased 2.2 percent from one week earlier.
Local Southern Nevada area home prices broke their all-time record in June 2020, despite the coronavirus pandemic and economic downturn.
15.9% of Black Americans who apply for mortgages are rejected nationwide, compared with just 7% of white Americans.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.07 percent, the lowest rate in the survey's history dating back to 1971.
U.S. employers added a much-larger-than-expected 4.8 million workers to payrolls last month. The U.S. unemployment rate also fell to 11.1 percent.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 26, U.S. mortgage applications decreased 1.8 percent from one week earlier.
The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent
The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.
According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.
The total number of U.S. loans now in forbearance decreased by 1 basis point from 8.48% of servicers' portfolio volume in the prior week to 8.47% as of June 21, 2020.
According to Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 3.13 percent on June 25, 2020. The rebound in purchase demand partly reflects deferred sales as well as continued interest from prospective buyers.
Broward County Florida's single-family home median prices increased year-over-year in May 2020.
Redfin is reporting that a record 27% of home searchers looked to move to another U.S. metro area in April and May 2020.