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Refinance Surge Drives Up Mortgage Applications

Refinance Surge Drives Up Mortgage Applications

by Phil Hall | Dec 11, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications took a healthy upturn thanks to a surge in refinancing, according to data from the Mortgage Bankers Association (MBA) covering the week ending Dec. 6. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Foreclosure Filings Down in November

Foreclosure Filings Down in November

by Phil Hall | Dec 10, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 29,390 residential properties carried foreclosure filings in November, down 5% from the previous month and down 9% from one year earlier. According to new data from ATTOM, one in every 4,795 housing units had a foreclosure filing last month. The states with...
Realtor.com Predicts Top Housing Markets for 2025

Realtor.com Predicts Top Housing Markets for 2025

by Phil Hall | Dec 10, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three weeks ahead of New Year’s Eve, Realtor.com has published its forecast for the Top Housing Markets for 2025 – with all the locations based in the South and the West. The new year’s top 10 housing markets, ranked in order, are: Colorado Springs, Colorado...
Consumer Confidence in Housing Market is on the Rise

Consumer Confidence in Housing Market is on the Rise

by Phil Hall | Dec 9, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Consumer confidence in the housing market took an upswing in the latest Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI), which increased by 0.4 points to 75.0 during November. The latest reading included a new record-high share of consumers indicated...
Q3 Equity Gains Down by More Than 5%

Q3 Equity Gains Down by More Than 5%

by Phil Hall | Dec 6, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

US homeowners with mortgages – which account for roughly 62% of all properties – saw home equity increase by $425 billion during the third quarter, an uptick of 2.5% year-over-year, according to new data from CoreLogic. By the end of the third quarter, total net...
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