Mortgage credit availability inched up last month, according to the latest Mortgage Credit Availability Index (MCAI) report published by the Mortgage Bankers Association (MBA), although the level of available is still close to a 10-year low. The MCAI was up by 0.4% to...
Demand for vacation homes plummeted by 52% from pre-pandemic levels in March, according to new data from Redfin (NASDAQ:RDFN). In comparison, the demand for primary homes were down by only 13%. Redfin noted that second-home rate locks were at their lowest level since...
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) recorded a 3.3-point uptick from February to March to 61.3, but still remained only slightly above its all-time low set from late last year. Year-over-year, the full index is down by 11.9 points. Fannie...
Freddie Mac (OTCQB: FMCC) reported a downward trend in the latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.28% as of April 6, down from last week when it averaged 6.32%. A year ago at this time, the rate averaged 4.72%. The 15-year...
Living in the Big Apple comes with big price tags, especially regarding property taxes. According to a new data study from LendingTree (NASDAQ:TREE), New York City has the highest median property tax among the nation’s 50 largest metros. Homeowners in the City That...
Gibran Nicholas, one of the most prominent professional coaches in the housing industry, has announced his candidacy for the 2024 Democratic Presidential nomination. The 43-year-old Nicholas is founder and CEO of Momentifi, a financial information and content...
Hits and Misses for the Real Estate Week of April 6-10
