The January 2024 housing market has emerged as a focal point for analyzing the recent economic and financial developments impacting the real estate sector. With interest rates experiencing fluctuations, the dynamics of buying, selling, and investing in properties are witnessing significant shifts, prompting stakeholders to reevaluate their strategies amidst ongoing challenges. These issues, especially concerning […]
Mortgage Bankers Association
May 2023 Housing Market: Rebounding Activity and Persistent Challenges
In May, the housing market witnessed a glimmer of hope as mortgage activity rebounded following a period of decline. The Mortgage Bankers Association (MBA) reported a 5% increase in purchase applications compared to the previous month, indicating increased demand for housing. Refinancing applications also experienced a notable uptick, rising by 10%. However, it is important […]
Existing Home Sales Rise for First Time in Twelve Months
While the past year-and-a-half took its toll on the real estate market, the latest news offered a glimmer of hope as data saw existing home sales rise. Despite 2021’s massive surge in real estate sales, 2022 generated a lackluster environment. Although the most recent data reflected an increase in home sales, housing inventory still presents […]
July 2022 Real Estate: Mortgage Applications Plummet with Affordability Challenges
Heading into the July 2022 real estate market, the United States continues to face timeless obstacles. As the latest inflation data shows year-over-year growth, the white-hot U.S. real estate market displays signs of stalling. Despite 2021 reflecting a surge in home sales activity, sales of existing homes just achieved their fifth month in a row […]
Total Mortgage Originations Plummeting as Rates Soar This Year
Throughout 2021, the United States real estate market experienced a massive resurgence, however, total mortgage originations are now plummeting this year. Mortgage Bankers Association Forecasts Plummeting Mortgage Originations With the release of last month’s existing home sales report, sales declined. Analysts point to rising mortgage rates as one of the primary causes, taking a large […]
Declining Loan Originations: Rising Prices & Limited Inventory Hurting Housing
After last year’s record-setting real estate year, 2022 is displaying declining loan originations and refinancing activity. Since the start of the coronavirus pandemic, the housing market took center-stage while home demand skyrocketed. As the dust settles, the numbers now point in the opposite direction. As demand wanes. prices surge, and mortgage, refinancing, and loan applications […]
2022 Mortgage Rates: Analysts Forecast Higher Rates in the New Year
2021 represented a banner year for real estate, leaving many to inquire about 2022 mortgage rates. Last year, mortgage rates hovered around record low numbers. Real estate experts largely attributed this to the prevalence of the coronavirus pandemic, and its numerous variants. Factors Driving Up 2022 Mortgage Rates The United States real estate market faced […]