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MBA: Mortgage Application Activity Up Slightly

MBA: Mortgage Application Activity Up Slightly

by Phil Hall | Jul 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the Mortgage Bankers Association (MBA) recorded an uptick in mortgage application activity for the week ending July 7. The Market Composite Index, a measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis from...
Zillow: Home Values at New Record High

Zillow: Home Values at New Record High

by Phil Hall | Jul 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home value rose above the $350,000 mark for the first time in June, according to new data from Zillow (NASDAQ:Z, ZG). Last month, the typical home value reached $350,213, up 1.4% from and almost 1% higher than the level set in June 2022. Home values...
Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying

Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying

by Phil Hall | Jul 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The absence of housing inventory was the most significant factor that prevented potential buyers from making home purchases in 2022, according to a new survey by the National Association of Realtors (NAR) of its membership. Roughly one-third (32%) of realtors cited...
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