Data

Analysis of the data says homebuyers are “out in force” despite available properties falling.

Click through to read more on the national inventory and new for-sale listings.

New analysis comes after the average rate for a 30-year fixed-rate mortgage fell below 3.2%.

The pandemic has caused several business, compliance, and logistical challenges for lenders and servicers.

Several markets reported loans defects of more than 30%. Click through to read more.

Commentary on the report called the increase a “spectacular recovery” and a testament to desire of the American consumer.

Also coming in The Week Ahead, CoreLogic will release its latest Case-Shiller Index, the Census Bureau will reveal its construction spending report, and the House Financial Services Committee will hold a hearing with the Federal Reserve on its response to COVID-19.

Insight on the report said the latest numbers represent a “win-win situation” for both buyers and seller.

Having already taken drastic actions to push mortgage rates low, it is unlikely the Federal Reserve will push rates lower this year.

A new report found the average house sold just over 20 days. How does that compare to recent data?