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TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink

TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink

by Phil Hall | Nov 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total mortgage balances were up 3.2% during the third quarter while total mortgage origination plummeted by 36.5%, according to new data from TransUnion (NYSE: TRU). After recording a slight decline in the second quarter, mortgage balances increased to $11.8 trillion...
Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages

Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages

by Phil Hall | Nov 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly half (47.4%) of mortgaged U.S. residential properties were considered equity-rich in the third quarter, according to new data from ATTOM – down from 49.2% in the second quarter, which is the largest quarterly decline in four years. The share is also down...
US Recorded 1.7% Decline in Home Equity During Q2

US Recorded 1.7% Decline in Home Equity During Q2

by Phil Hall | Sep 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners with mortgages experienced a 1.7% year-over-year decline in home equity during the second quarter, according to new data from CoreLogic. This decrease represented a collective loss of $287.6 billion and an average loss of $8,300 per borrower. On a...
Home Prices Hit New Peaks in 30 of the 50 Largest Markets

Home Prices Hit New Peaks in 30 of the 50 Largest Markets

by Phil Hall | Aug 7, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Black Knight Home Price Index hit an all-time high in June on both seasonally adjusted and unadjusted levels, with nearly every major market experiencing month-over-month growth and 60% of these markets recording annual growth. According to new data from Black...
Nearly Half of US Homes in Q2 Were Equity-Rich

Nearly Half of US Homes in Q2 Were Equity-Rich

by Phil Hall | Jul 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
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