Homebuyer affordability improved in November, with the national median payment applied for by purchase applicants decreasing to $2,137, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Category: News and Trends
Agustin Del Rio: In Wilson We Trust–Surviving the Mortgage Market’s High Tides
As in “Cast Away”, where the protagonist had to focus on the basics for survival, Independent Mortgage Banks must concentrate on fundamental strategies for weathering this storm.
ATTOM: November Foreclosures Up Annually, Down From October
ATTOM, Irvine, Calif., recorded 32,120 U.S. properties in its November Foreclosure Market Report. That’s up 5% from November 2022 but down 7% from October.
CoreLogic: October Single-Family Rent Index Shows Slower Growth
CoreLogic, Irvine, Calif., released its Single-Family Rent Index for October, finding year-over-year rent growth slipped to 2.5%.
Quote: December 21, 2023
“[We] are working to return to normal business operations as soon as possible.”
–From a First American statement about a cybersecurity incident the firm has experienced.
Survey Finds 70% of Americans Believe It’s Unrealistic to Buy a Home in 2024
Nearly three-quarters of Americans believe it is unrealistic to buy a home in 2024, a new survey found.
Dealmaker: BWE Secures $20M for Indiana Properties
BWE, Cleveland, secured $19.68 million in financing to acquire and rehabilitate three affordable housing developments in rural Indiana.
CBRE Predicts Likely Upturn in Commercial Real Estate Investment in Second-Half 2024
CBRE, Dallas, released its U.S. Real Estate Market Outlook 2024, predicting that commercial real estate investment activity likely will begin to pick up in the second half of next year.
Redfin: Supply Crunch Eases; House Price Growth Slows
U.S. home prices rose 0.6% in November–the smallest increase since June–as a jump in the number of homes for sale gave buyers more options, the Redfin Home Price Index reported Tuesday.
MBA Weekly Survey Dec. 20: Mortgage Applications Decrease
Mortgage applications decreased 1.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 15, 2023.