‘Hot’ Spring Homebuying Season Doesn’t Live Up to Expectations
Spring is typically a hot homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total [...]
Flippers Account for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 of 2023, hitting the second-highest mark for home flippers this century. Source: DS [...]
May’s Existing-Home Sales Post Minor Gain
The NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units. Source: DS News
Planet Home Expands Its Servicing Portfolio With $10B MSR Acquisition
Closing this latest MSR deal, Planet Home Lending raises its overall servicing portfolio to $94 billion, and increases its MSR book by 10.6%. Source: DS News
The Best U.S. Cities for Raising a Family in 2023
A new study from WalletHub revealed which cities throughout the nation are ranked the best and worst places to raise a family, with half of the top 10 best areas [...]
Housing Market Potential Increased Modestly in May
"Our Potential Home Sales Model increased modestly in May, but is still down 5.7% from a year ago,” said Mark Fleming, Chief Economist at First American. “The primary factor limiting [...]
Decline in Critical Defect Rate Falls to Under 2%
“After last quarter’s historic high of 2.47%, the reduction in Q4’s critical defect rate to a sub-2% level is encouraging and illustrates just how much the precipitous drop in origination [...]
Summer Buying Frenzy? Data Says Otherwise
The first month of the typically hot summer buying season produced less than stellar available home numbers, falling over 7% to a new record low. Source: DS News
Servicers’ Forbearance Volume Dips to Three-Year-Low
The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since March [...]