San Diego Real Estate News
San Diego
U.S. Home Sales Down for Fourth Consecutive Month in May
According to the National Association of Realtors, existing-home sales decreased for a fourth straight month in May 2021. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. However, each of the four areas again registered double-digit year-over-year gains.
Single Family Starts in U.S. Uptick in May
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
2.1 Million U.S. Homeowners Still in Mortgage Forbearance Plans in May
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 1 basis point from 4.19% of servicers' portfolio volume in the prior week to 4.18% as of May 23, 2021.
Mortgage Applications in U.S. Dip in Late May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 21, 2021,mortgage applications decreased 4.2 percent from one week earlier.
