Home prices continued their steady climb upward in July, according to data released Monday from Black Knight.
The Jacksonville, Fla.-based firm said that its national home price index rose 0.2% from the previous month. On a year-over year basis, average prices increased by 5.1%.
Strong market performance in Midwestern states boosted the national average, as prices in Michigan and Ohio jumped by 0.9% and 0.6%, respectively.
Average prices across the country remain 10.2% below their peak in 2006.
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
