Philadelphia Real Estate News
Philadelphia
Annual Home Price Growth in U.S. Reaches Fever Pitch in August
According to CoreLogic's latest CoreLogic Home Price Index for August 2021, U.S. home prices rose to a fever pitch this summer, with annual price gains reaching another all-time high in August 2021 at 18.1%.
U.S. Mortgage Applications Dip Sharply in Late September
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 1, 2021, U.S. mortgage applications decreased 6.9 percent from one week earlier
1.4 Million U.S. Homeowners in Mortgage Forbearance in September
The total number of loans now in forbearance decreased by 7 basis points from 2.96% of servicers' portfolio volume in the prior week to 2.89% as of September 26, 2021. According to MBA's estimate, 1.4 million homeowners are in forbearance plans.
Home Asking Prices Up 12 Percent to All-Time High in U.S.
Pending sales were up just 4%, the smallest year-over-year increase since June 2020. Other housing market measures continued to show a typical seasonal cooling, with fewer than half of homes selling above list price and new listings of homes for sale down 20% from their 2021 peak.
