Purchase activity was up 19 percent year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data. Source: Inman News
Posts published in “Markets & Economy”
A new survey shows that 57 percent of major multifamily developers reported delays to their projects earlier this month. Source: Inman News
Rent prices in May grew by only 1.7 percent — the lowest increase since July 2010, according to property analytics provider CoreLogic. Source: Inman News
Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner dives into Fannie Mae’s National Housing Survey and what consumer confidence…
The amount of mortgage loans in forbearance declined for the fifth straight week, from 8.18 percent of servicers’ portfolio volume in the previous week to…
According to the National Low Income Housing Coalition, minimum wage workers need to make $23.96 per hour to comfortably afford a two-bedroom rental. Source: Inman…
First American’s chief economist emphasized the downside of plummeting mortgage rates. “Why move when you can lock in at less than 3 percent in a…
The median home sale price in the U.S. rose by 2.8 percent from the previous year in June, marking an all-time high of $311,300, according…
Homes are typically selling just 20 days after hitting the market, according to a weekly market survey published Thursday by Zillow. Source: Inman News
Housing starts jumped more than 17 percent from May to June as the housing market continues to recover from stay-at-home orders. Source: Inman News