Millions of Americans are paying thousands of dollars in homeowners association and condo fees, an often overlooked cost when buyers budget for a mortgage, new industry data found. Processing Content Almost 18 million homeowners in the 100 largest United States metros paid HOA or condo fees in 2024, including 2.6 million who paid $500 or […]
2.6M homeowners pay $500-plus in monthly HOA fees Read More »
While housing affordability has improved year-over year in all of the 50 markets tracked by First American, the sizes of the gains have varied across that universe. Plus, on a comparative basis, home prices remain higher than prior to the pandemic. Processing Content A recent analysis from the company quantifies these differences. Consumers’ house-buying power
Some markets thawing in time for spring homebuying season Read More »
Home-price growth continued to slow to start 2026, two new industry reports found, diminishing the real value of homes as inflation rises. Processing Content Home prices rose 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index. Both points were down from December, when prices increased 1.1% annually
Real home value falls as price growth cools, inflation rises Read More »
Property tax revenues collected by local and state jurisdictions surged nearly 5% at the end of last year and continued an ongoing nine-quarter stretch of increases. Processing Content The $210.7 billion generated in the fourth quarter reflected a seasonally adjusted 1% uptick from $208.5 billion three months earlier, according to a National Association of Home
Property tax revenues jumped 5% in 2025 Read More »
Prepayment speeds increased last month on the back of falling interest rates, but seriously delinquent loan volumes also rose the highest amount since June 2022, and the most since June 2018 when excluding the immediate effect of COVID-19. Processing Content The national delinquency rate ticked up seven basis points to 3.72% last month, as the
Seriously delinquent loans hit highest level since 2022 Read More »
Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in
Home sales cancelled at record rate as buyers hold power Read More »
Despite mortgage rates reaching nearly 4-year lows last month, the gap between sellers and buyers in the housing market grew to its largest size on record. Processing Content There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a new Redfin report. That is the
Sellers outnumber buyers by record margin in February Read More »
Affordability pressures continue to reshape purchase demand, particularly in coastal and climate-exposed markets. Borrower hesitation in high-cost regions no longer stems from rate volatility alone, as insurance premiums, property taxes, and total cost-of-ownership calculations now drive measurable pauses in decision-making. Processing Content Lenders operating in high-cost metros report longer decision cycles, increased prequalification fallout, and
Borrower hesitation in high-cost regions Read More »
With mortgage rates expected to hover near current levels for much of 2026, lenders shouldn’t count on rate drops to drive originations growth — and a panel of leading economists at Intercontinental Exchange’s ICE Experience conference in Las Vegas this week made clear where volume will actually come from. Processing Content “We’re essentially back in
Forget rate drops — here’s where mortgage volume will come from Read More »
There was less interest in buying a newly constructed home last month, as macroeconomic uncertainty squashed a recent market rally. Processing Content New home purchase applications for February were up 0.9% from the same time last year, but down 1% from January, the Mortgage Bankers Association reported Thursday. The tepid Builder Application Survey results follow
Fewer buyers are interested in newly built homes Read More »