Tag Archives: Home Price Index (HPI)

ATTOM reports that as the national medium home sales continue on a torrid record pace, home sellers are increasing their profit margin by as much as 48% in the third quarter.

National home price growth hit 18% year-over-year in September, as major tech hubs continue to lead the way.

Long-time homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home and are unable to include as much cash in their offers.

While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.

As mortgage rates edge above the 3% mark, borrower incentive to refinance is waning.

The 12-month rise in home prices nationwide hit a record-setting mark in August, the highest in 45 years of recording this data.

Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence.

Purchase apps have slid week-over-week, while the demand for refis has leveled off, as August saw a boost in the supply of homes nationwide.

Purchase apps have fallen slightly, however homeowners nationwide continue to jump into the refi market with rates falling to record low territory.

The continued imbalance between supply and demand is deterring some buyers in a market where home prices are seeing an inordinate spike, primarily in lower density neighborhoods with more living space.