Daily Dose

According to a new ATTOM report, mortgage lending declined to its lowest point in nearly nine years in Q4 2022, while purchase loans decreased an estimated 26%.

The rate at which homes change hands is down from its 2020 peak but has overall doubled in the last few decades due to insufficient housing.

As a result of slowing market activity and steadily increasing interest rates, a new HouseCanary report revealed early signs of housing market activity growth halted due to the latest round of rate hikes.

According to a new report from Zillow, some 39% of first-time home sellers wish they had set a higher list price, as 9 in 10 first-time sellers think they could have gotten a higher price by making different choices.

Overall mortgage application volume fell 5.7% week-over-week, with homebuyers again retreating to the sidelines as a spike in mortgage rates hampered affordability.

The inclusion of telecommunications, TV, and utilities in expanded credit reports could open the dream of homeownership for millions of people.

“The cooling in home prices that began in June 2022 continued through year end, as December marked the sixth consecutive month of declines for our National Composite Index,” says Craig J. Lazzara, Managing Director at S&P DJI.

According to a new report from Bankrate, the Austin job market is booming, attracting many homebuyers and ranking first on the list of best and worst places for first-time homebuyers.

Passage of HR 1059 will allow for the immediate nationwide use of RON; creation of national minimum standards; and provide certainty for the interstate recognition of RON.

“Buyers responded to better affordability from falling mortgage rates in December and January,” said NAR Chief Economist Lawrence Yun.