Among the many housing reports that came across our desk this week: Genworth Mortgage Insurance said 2020 was the “best year on record” for first-time home buyers; Radian said February home prices accelerated; Black Knight reported mortgage delinquencies rose for the first time in nine months; and Redfin said the home-buying process is becoming a headache for many consumers.
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Genworth: Largest First-Time Homebuyer Purchase Market in 20 Years
Historically low interest rates, change in home preferences, flexible work schedules and increased housing affordability triggered substantial rebound in first-time homebuyer market in the third quarter, said Genworth Mortgage Insurance, Richmond, Va.
Housing Report Roundup
Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.
Genworth: ‘Sharp Slowdown’ in First-Time Homebuyer Market
The COVID-19 recession triggered a sharp slowdown in first-time homebuyer activity in the second quarter, reported Genworth Mortgage Insurance, Raleigh, N.C.
Housing Finance Market Roundup
Here’s a summary of recent reports about the housing market and real estate finance, with reports from Zillow; Veros Real Estate Solutions; Fannie Mae; Redfin; Genworth Mortgage Insurance; and Computershare Loan Services.
Genworth Reports Strong First-Time Home Buyer Activity Amid Shift to Second-Timers
Genworth Mortgage Insurance, Richmond, Va., reported strong first-time home buyer activity in the fourth quarter, with single-family purchase activity up by 6 percent from a year ago.