The Mortgage Bankers Association’s Purchase Applications Payment Index measures the national median payment applied for by prospective home buyers. In September, the median payment increased from August, rising to $1,941 from $1,839. The increase follows four straight months of declines from the index’s peak in May. Edward Seiler, MBA’s associate vice president of housing economics, …
Home showings are a good indicator to watch if you want to get a feel for what’s happening in the housing market. After all, what better way is there to gauge how much interest home sellers can expect when they list their home or how much competition buyers will face from other buyers? Knowing the …
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The past few years have been good for homeowners. Rising home prices and a hot housing market meant homeowners who were looking to make a move could be assured their homes would sell quickly and for a great price. But now that the market has slowed down, can potential home sellers expect to be as …
The housing market has shifted. Higher rates, slower demand, and economic uncertainty have cooled the pace of the once hot market. But while a lot has changed, a lot has also stayed the same. For example, according to the National Association of Realtors, homes are still selling quickly and prices continue to rise – even …
Home buyers have money on their minds. They’re concerned about rising costs, inflation, and the price of homes. But, according to one recent survey, despite those concerns, they’re still committed to finding the perfect house. In fact, 81 percent of respondents said they think finding the perfect “forever” home was the most important factor when …
These days, everyone has questions about the housing market. Conditions changed rapidly earlier in the year and potential home buyers and sellers are wondering what’s next. Well, according to one recent analysis from Fannie Mae, lower prices are likely. Fannie Mae’s most recent Home Price Index found home prices slowed during the third quarter of …
The past several years have been tough for first-time home buyers. The inventory shortage that kept buyers fighting over too few homes for sale was particularly pronounced on the affordable end of the market. That meant, rising prices and few options for younger Americans looking to purchase their first house. These days, though, things seem …
Fannie Mae conducts a monthly survey of Americans to gauge public perception of the housing market and economy. The survey asks participants whether they think now is a good or bad time to buy a home, if they think mortgage rates will rise or fall in the next year, and about home prices, their personal …
Home buyers hoping to buy without busting their budget may be in luck. Because mortgage rates continue to climb and prices remain high, the best days to buy a home are ahead of us, according to a new analysis from ATTOM Data Solutions. The analysis looked at 39 million single-family home and condo sales over …
