Market Data + Trends Prospective Buyer Savings Significantly Lower Than Average Down Payment Down payments are one of the biggest barriers to homeownership, and recent research found 75% of current prospective buyers have saved much...
Affordability NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based...
Financing Mortgage Rates Exceed 3%, Dropping Refinance Demand Rates jumped to 3.26% for 30-year fixed-rate mortgages, shrinking the share of borrowers who could benefit from refinancing. As a result,...
Economics How Might an Uptick in Mortgage Rates Affect Housing? For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand,...
Financing First-Time Buyers Are Choosing Conventional Over FHA Financing An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. Just 24% of...
Market Data + Trends Home Prices Jumped Double-Digits in December, Highest Pace Since 2013 Despite being known as the slowest month for the housing market, December home prices advanced 10.4% from 2019 to 2020. This marks the...
Demographics Higher Fees, Interest Rates, and Mortgage Rejections for Black, Hispanic Buyers Despite having similar financial situations, Black and Hispanic homebuyers are more likely to be denied mortgages compared to White buyers,...
Market Data + Trends Home Values Increase Up to 9% Year-Over-Year Nationwide Zillow’s January market report shows steady growth for home values, shortened listing time, and a strong year for home sales. Home values...
Market Data + Trends Bidding Wars Are Top Reason Active Buyers Remain Unsuccessful Nearly 70% of active buyers still searching for a home last quarter have spent up to three months on the hunt, with most blaming getting...
Financing Mortgage Delinquencies Fall to Pandemic Low The latest reading by CoreLogic found the number of mortgage delinquencies fell to a pandemic low at the end of November, yet the number of...
