House Prices Begin to Fall from Record Highs

Redfin, Seattle, said the median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10.

Home Sellers Dropping Asking Price in Most Metros

Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic, reported Redfin, Seattle.

Housing Market Roundup: May 20, 2022

Catching you up on housing and economic reports that came across the MBA NewsLink desk this week during and after the MBA National Secondary and Capital Markets Conference & Expo in New York:

Typical Buyer’s Monthly Payment Up Nearly 40%

Redfin, Seattle, reported the typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record, as the average 30-year-fixed rate hovered at 5.1%.

Housing Market Roundup Apr. 26, 2022

Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk: