Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out. Source: Inman News
Posts published in “home sales”
Fannie Mae economists project sales of existing homes will fall by 3.2 percent this year to 5.945 million, which would still be the second-best year…
Record-low inventory dragged home sales down by a seasonally adjusted 3.6 percent nationwide in December, according to a new Redfin report released Friday. Source: Inman…
The housing market will cool slightly in 2022, but it will scorch as a multitude of buyers chase too few homes, according to economic experts. …
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the…
A strong fall and winter season should mean 2021 will wrap up with nearly 7 million in sales, making it one of the strongest years…
With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher. Source:…
Strong numbers of pending home sales and applications for purchase loans have pushed up sales forecasts through the end of the year. Source: Inman News
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8…
In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of…