Category: Analysis and Data

Consumer interest in mortgages declined significantly last week, evidenced by a notable reduction in the number of purchase applications submitted.

In the latter part of 2023, the value of homes in the U.S. continued to display significant strength. The National Home Price Index, as per S&P CoreLogic Case-Shiller, exhibited an annual surge of 5.1% in November, which is an improvement from the 4.7% uptick seen in October. Concurrently, both the National Index and the 10-City Composite saw a modest increase of 0.2% on a month-over-month basis, whilst the 20-City Composite also reported rises.

Doug Duncan and Mark Palim share their insights on the overarching challenges and concerns confronting the mortgage and real estate industries. They addressed the significant topics without making any references to Realtor.com in the discussion.

Is there a possibility of sales growth enduring? Likely, but the stability of this expansion is not guaranteed. Nonetheless, the elevation in home prices appears to be quite steady throughout the year.

This summary provides an overview of the leading metropolitan regions in the U.S. where baby boomer homeowners are most prevalent. Baby boomers currently represent the youngest age group eligible for reverse mortgages.

The sector of new home sales creates job opportunities for those in the construction industry and fuels the buying of goods and services essential for establishing these residences.

Beginning in February, The Hartford has made the decision to discontinue the issuance of new homeowners’ insurance policies in California, a move that mirrors the actions previously taken by State Farm and Allstate.

The roots of the current issues facing the American economy may potentially be traced through an exploration of its monetary history.

Though the commercial real estate sector has recently encountered several hurdles, an unexpected trend has surfaced among institutional investors – a growing attraction to retail space. As the need for office spaces lessens, it appears that retail real estate is garnering increasing attention.

The surge in construction of single-family homes experienced a slight deceleration recently. Data suggests that approximately 1.413 million homes were initiated in 2023, representing a 9.0% decrease from the previous year, 2022.