REI INK

Inventory Peaks at Highest Levels Since COVID, Latest HouseCanary Report Shows

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A Seller’s Market Environment Continues to be Evident in the Housing Market, but Neutralization is on the Horizon with Inventory Levels Continuing to Rise Presumed September Interest Rate Cuts Is Anticipated to Free Buyers and Sellers from Previous Holding Patterns HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its innovation and accuracy of real estate information, released its August Market Pulse Report, finding that inventory remains low from a historical perspective,

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Falling Mortgage Rates Have Yet to Improve Home Sales, With Buyers Uncertain About NAR Settlement, Election

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Pending home sales posted their biggest decline in nearly a year, despite the median U.S. housing payment dropping to its lowest level in five months Pending home sales fell 6.9% during the four weeks ending August 25, the biggest annual decline in nearly a year according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite the median monthly U.S. housing payment falling to its lowest level since

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HOME MORTGAGE LENDING REBOUNDS NATIONWIDE WITH ACROSS-THE-BOARD GAINS IN SECOND QUARTER OF 2024

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Residential Loans Surge 23 Percent Quarterly, Climbing Back to Levels from a Year Earlier;  Purchase, Refinance and Home-Equity Lending All Increase;  Despite Shift, Lending Activity Still Off Nearly Two-Thirds from 2021 Peak ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.62 million mortgages secured by residential property (1 to 4 units) were issued in the United

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Redfin Reports The Typical Homebuyer’s Down Payment is a Record $67,500, Up 15% From a Year Ago

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Nearly 3 in 5 homebuyers put down more than 10% of the purchase price, one of the highest shares on record The typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the 12th consecutive month the median down payment rose year over year. The nearly-15%

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Affordable renter-friendly home improvements that add value

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Zillow and Thumbtack data reveals the projects that personalize a rental for less than $1,000  Millennials and Gen Z adults priced out of homeownership are renting for longer, prompting many to seek out ways to personalize their not-so-temporary space. New data from Zillow and Thumbtack finds there are affordable, nonpermanent upgrades that allow renters to make their space their own and add value for their landlord.  Certain home features can contribute to more

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ICE First Look at Mortgage Performance: Delinquencies improved in July despite Hurricane Beryl’s impact on Houston homeowners

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at July 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of July 31, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.37% Month-over-month change: -3.46% Year-over-year change: 4.80%   Total U.S. foreclosure

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