The WPJ

San Francisco

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%.

America's Average Monthly Mortgage Payment Rose $50 in Last 6 Weeks

National property broker Redfin is reporting that the average U.S. homebuyer's monthly mortgage payment rose $50 over the last six weeks. At the same time, sellers' median asking price increased 12% year over year to a new record-high and mortgage rates surpassed 3%.

Commercial, Multifamily Mortgage Delinquencies Declined in September

According to the Mortgage Bankers Association's latest monthly CREF Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial and multifamily properties declined in September 2021.

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.

San Francisco Property News



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