US Buyers Push Past Inflation Fears
Recent mortgage demand showed momentum, with purchase applications ↑4% weekly and ↑7% yearly, signaling buyers are still active despite inflation concerns today. Overall applications, including refinances, ↑~2% recently as buyers looked beyond a hotter cost-of-living reading and changing mortgage rates for today’s purchase decisions. Federal inflation data put annual inflation near 4% for the 12 […]
Homebuyers Return Despite Higher Mortgage Rates
Purchase mortgage applications ↑4% from the prior period and ↑7% yearly, showing buyers re-engaging despite higher borrowing costs across major loan types. Total mortgage application volume ↑~2% for the May 8 period, while 30-yr fixed rates reached the mid-6% range, their highest recent reading. Context matters: the buyer rebound followed a softer spring start, when […]
Report: April Home Prices Posted Strongest Monthly Gain in Nearly Two Years
U.S. home prices rose 0.32% in April, marking the strongest monthly gain in nearly two years and a 3.9% annualized rate. Annual growth accelerated to 0.9%. Ninety percent of markets saw price increases, led by the Northeast, while declines were in the South and West. First-time homebuyers made up over half of purchase loans in […]
Manufactured Homes Market Targets $42.7B by 2031
Market size is expected to reach $30.5B currently, then $42.7B by 2031, with ~7% compound annual growth as demand broadens across housing segments. Factory-built homes offer a 60%-65% cost edge, with avg. prices near $123K versus >$300K for conventional homes, supporting buyers focused on affordability. In regions with housing deficits, manufactured homes can be delivered […]
New-Home Mortgage Demand Hit 14-Yr High
New-home purchase applications in Late-Q1 ↑26% MoM and ↑11% yearly, reaching the survey’s highest index level since it began in 2012. Estimated new single-family sales ran at a seasonally adjusted annual pace of 717K in Late-Q1, ↑12% from 641K in the prior month. On an unadjusted basis, estimated new-home sales reached 69K in Late-Q1, ↑21% […]
Affordability Reshapes Who Can Buy
Nationally, management and business workers remained most likely to own homes, while service workers had the lowest rates despite posting the biggest 10-yr gain. In >60% of metro areas, the top homeowning occupation changed since 2014, showing local housing costs and job markets increasingly shaped ownership chances. Management and financial workers held near 72% ownership […]
Remembering Heroes, Honoring Their Sacrifice
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
Why 280,000 New Buyers Will Transform Housing Soon
The rising number of people reaching first-time homebuyer age, especially those around 40, will boost housing demand by about 14%. Although first-time buyers often purchase existing homes, their activity enables sellers to buy new houses, increasing new construction demand. Despite slow population growth, declining household sizes and an aging population maintaining homeownership will support steady […]
US Purchase Activity up 21% Yearly
Purchase applications recently ↑1% and were ↑21% yearly, showing buyers are moving forward as inventory conditions look more favorable nationally for many shoppers. Total mortgage application volume recently ↓1.6% seasonally adjusted, after a prior ↑7.9%, while unadjusted activity ↓1%, tracking overall loan demand across programs. The 30-yr fixed rate sat in the mid-6% range, and […]
US Buyers Gain Spring Market Leverage
New listings ↓~1% yearly after a prior Easter-driven surge, but sellers still appear to be reengaging at a measured, sustainable pace nationally. Active inventory ↑~3% yearly, with year-to-date supply ↑~7%, giving shoppers more options while buyers continue absorbing available homes instead of letting supply pile up. Median listing prices ↓~2% yearly, extending a long flat-to-down […]