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...
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...
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...