The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the...
Homebuyer affordability declined in March as with the national median payment applied for by purchase applicants increasing 1.6% to $2,093 from $2,061 in February, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI)....
More Americans were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 3.7% on a seasonally adjusted basis from one week earlier, while the unadjusted index was up by...
Is there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is in the making. In their article “Prepare for a Generational Housing Bubble,” Phil Powell, clinical associate...
The Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors who threaten to foreclose on homes with mortgages past the statute of limitations, stating such actions could be in violation of the Fair Debt Collection Practices Act and its...
Florida’s home sales dropped during March but prices continued to rise, according to new data from Florida Realtors. Last month ended with 26,161 closed sales of existing single-family homes, down 15% year-over-year, while the 11,188 condo-townhouse sales were 23.5%...
Hits and Misses for the Real Estate Week of April 6-10
