For Week Ending June 15, 2024 U.S. mortgage performance is in good health overall, according to CoreLogic’s May 2024 Loan Performance Insights report, which found overall delinquency, serious delinquency, and foreclosure rates remained low as of last measure in March … Continue reading
June 20, 2024 Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut. These lower mortgage rates coupled with the gradually improving housing supply bodes well for the … Continue reading
Growth in listings met by cooler demand leads to an increase in supply Signed purchase agreements fell 5.0%; new listings up 3.4% The median sales price increased 4.1% to $385,000 Market times rose 7.2% to 40 days; inventory up 16.3% … Continue reading
For Week Ending June 8, 2024 U.S. home prices have increased by more than 47% since 2020, according to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, outpacing the growth of the 1990s and 2010s, which … Continue reading
June 13, 2024 Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth. Top-line inflation numbers were flat but shelter inflation, which measures rent and homeownership costs, … Continue reading
For Week Ending June 1, 2024 The average American household spent 24.2% of their income on mortgage payments in the first three months of the year, according to the National Association of REALTORS®, down from 26.1% the previous quarter. Assuming … Continue reading
