Daily Dose

The first numbers from June are in, and Realtor.com found inventory to be up over 18% since May but still down year-over-year.

Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.

Necessitated by significant operating losses and cash flow challenges due to mortgage market volatility, FGMC has filed for bankruptcy protection.

Real house prices increased 45.6% between April 2021 and 2022, while consumer house-buying power, decreased 8.75% between March 2022 and April 2022.

As fixed-rate mortgages crawl to the 6%-mark, mortgage application volume did rise slightly for the third consecutive week, but refinance volume trended in the opposite direction, falling 80% year-over-year.

New data from the STRATMOR Group Technology Insight Study on Digital Innovations reveals that adoption and engagement numbers are low, amid an unstable market and rising rates.

At the crossroads of FinTech and real estate, PropTech aims to increase efficiency and save originators money.

As mortgage rates surge at their fastest pace in decades, a new Redfin study revealed that homebuyers could save more than $15k over five years by taking out an adjustable-rate mortgage rather than a typical 30-year fixed-rate mortgage.

Abby Waltz, National Director for Homes for Heroes, explains how Florida’s new Hometown Heroes Housing Program is a small step in the right direction to assist frontline workers achieve the American dream of homeownership. 

S&P CoreLogic Case Shiller reports that despite a 20.4% annual gain in April 2022, home prices in the U.S. were down slightly from 20.6% recorded the previous month.