Based on CoreLogic's latest Homeowner Equity Report for the first quarter of 2023 shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% year over year, representing a collective loss of $108.4 billion, and an average loss of $5,400 per borrower since the first quarter of 2022.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 2, 2023, U.S. mortgage applications decreased 1.4 percent from one week earlier. This week's results include an adjustment for the Memorial Day holiday.
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent as of June 1, 2023.
According to a new report from CBRE, there is relief for the U.S. office market on the long-term horizon in the form of constrained new supply.
Based on Realtor.com's latest Monthly Housing Trends Report released today, U.S. home prices rose slightly in May 2023, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023.
Posted on May 09, 2023