RECORD HIGH PAYMENTS PUSH POTENTIAL BUYERS TO THE SIDELINES via investors.redfin.com—During the four weeks ending May 5, the median monthly housing payment in the U.S. hit an all-time high of $2,894, up 14% from the previous year, while home... Read More

THE FASTEST & SLOWEST-SELLING HOUSING MARKETS IN Q1 2024 via creditnews.com—2023 was America’s worst year for home sales in nearly three decades, and the start of 2024 isn’t faring much better. Faced with chronically low housing stock, elevated mortgage... Read More

PENDING SALES RAMP UP FOR SPRING HOMEBUYING SEASON via themortgagepoint.com—In a new report, the National Association of REALTORS (NAR) reported that pending home sales increased by 3.4% in March. Transactions increased in the Northeast, South, and West each month,... Read More

HOW ARE EXISTING-HOME SALES FARING? via themortgagepoint.com—According to the latest Existing-Home Sales Report housing snapshot from the National Association of Realtors (NAR), existing home sales fell 3.7% year-over-year in March 2024 while median existing-home sale prices rose 4.8% year-over-year... Read More