Red Bell Real Estate LLC, Wayne, Pa., reported multiple housing market records for 2021, including average sales price, days on market, median estimated home price and number of closed sales. But analysts cautioned signs of slowing could put a damper on 2022 results.
The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work, said Redfin, Seattle.
Fitch Ratings, New York, reported 17 percent of U.S. equity real estate investment trusts had negative outlooks in December, down significantly from a year ago.
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
Recently, MBA and a coalition of financial services trade associations filed a joint comment letter to the Consumer Financial Protection Bureau on its assessment of the HMDA Rule. Also last week, the CFPB issued a request for public comment seeking information on “fees that are not subject to competitive processes[.]”