November Mortgage Application Payments Fall 1.8% to $1,977
Homebuyer affordability improved in November, with the national median payment applied for by mortgage applicants decreasing 1.8 percent to $1,977 from $2,012 in October, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Existing Home Sales Drop 10th Straight Month
Existing home sales declined in November, the 10th straight monthly decline, the National Association of Realtors reported Wednesday. All four U.S. regions recorded month-over-month and year-over-year declines.
ATTOM: Home Affordability Worsens in 4Q Despite Falling Home Prices
ATTOM, Irvine, Calif., released its fourth-quarter U.S. Home Affordability Report showing median-priced single-family homes and condos are less affordable compared to historical averages in 99 percent of counties across the nation -- far above the 68 percent of counties that were less affordable a year ago.
CMBS Supply-Demand Fundamentals Slip
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody's Investors Service, New York.
Consumer Confidence Finishes 2022 on Upbeat Note
The Conference Board, New York, said its monthly Consumer Confidence Index rebounded in December following back-to-back monthly declines, to its highest level since April.