Mortgage applications for new home purchases during April were down by 2.4% from one year earlier and were also down by 10% from the previous month. According to data from the Mortgage Bankers Association (MBA) Builder Application Survey, new single-family home sales...
Builder confidence in the market for newly built single-family homes improved slightly this month, with the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rising three points to a reading of 37. Any HMI number under 50 indicates...
A total of 42,430 residential properties carried foreclosure filings in April, down 8% from the prior month but up 18% from one year earlier. According to data from ATTOM, one in every 3,388 housing units nationwide had a foreclosure filing last month. Delaware posted...
Buyers of newly built homes can save an average of $25,335 over the first 10 years of ownership compared to those who purchase 20-year-old homes, according to a data analysis by Realtor.com. The savings are primarily from the lower utility costs from newer...
The national median asking monthly rent across the nation’s 50 largest metro areas in April was $1,673, down $29 or 1.7%, year-over-year. This marked the 33rd consecutive month of annual declines for 0-2 bedroom properties. According to data from Realtor.com, the...