A new data report from Zillow (NASDAQ:Z, ZG) has determined that half of all homebuyers are purchasing their first home, the highest share that the company has recorded. This 50% share is up from 45% in 2022 and 37% in 2021. Nearly half of first-time buyers are...
Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
The Federal Home Loan Bank of New York (FHLBNY) has awarded $41.98 million in subsidies to fund 42 affordable housing initiatives. The projects being funded are located in New York, New Jersey, Connecticut, Pennsylvania, Florida, Texas, California, Puerto Rico and the...
July was a slow month for home sale transactions in Alabama, according to new data published by the Alabama Association of Realtors (AAR). The state recorded 6,084 home sales last month, a 33.3% decline from the 3,043 sales in July 2022. The median sales price of...
Existing home sales were in retreat last month, according to new data from the National Association of Realtors (NAR). During July, completed transactions were down 2.2% from June to a seasonally adjusted annual rate of 4.07 million. On a year-over-year measurement,...
Hits and Misses for the Real Estate Week of May 11-15
