Purchase

Home sales continued to perform in line with their potential in September and indicators suggest housing will keep flourishing through the fourth quarter, according to First American.

The biggest drop in mortgage rates in history has Southern California house hunters making an autumnal rush to buy, with freshly opened escrows up 14% in a year.

Portland-area home sales jumped in September compared with a year ago, bringing a jolt to the housing market during the waning months of a slow year.

Home sales and the median sales price in Central Texas hit all-time highs for any September on record, the Austin Board of Realtors said.

Single-family mortgage production this year is expected to be 3% higher than anticipated last month, according to Fannie Mae, which revised its estimates based partly on a stronger housing outlook.

Mortgage applications to purchase new homes dropped 8% in September from August, as ongoing uncertainty over interest rate movements and economy likely kept buyers out of the market, the Mortgage Bankers Association said.

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Homebuilder sentiment climbed to the highest level since February of last year as cheaper borrowing costs and a still-sturdy job market lifted measures of prospective buyer traffic, sales and the demand outlook.

Mortgage applications increased 0.5% from one week earlier, although interest rate instability affected consumers' ability to get the best price for their loan, according to the Mortgage Bankers Association.

Single-family homes sold briskly last month in the Colorado Springs area, while prices rose again — good news for sellers, but an increasingly tough time for entry-level buyers trying to find an affordable house.

Hawaii island's housing market turned in mixed results in September but the results were worse on Kauai where sales and prices fell for both single-family homes and condominiums.

Home sales registered their first year-over-year increase in September for the first time since 2018, as sales picked up toward the end of the prime buying season.

Most home sellers are stressed around issues involving time and money — two things they can't control — because those affect the purchase and financing of their next home, a Zillow survey found.

Homebuyers have returned to Westchester County, N.Y., and for the first time in a year, their purchases are putting a dent in the inventory of properties for sale.

Sales of single-family homes in the Albany, N.Y., area fell 17.4% in August from year-earlier levels, and real estate officials are blaming a 9% drop in inventories and steep prices for newly constructed homes for the decline.

Home values posted the largest month-over-month spike in over five years due to continued buyer demand, according to Quicken Loans.

Millennial homeownership rates declined between 2009 and 2016 before picking up in 2017, even as the number of households under the age of 35 dropped by over 1 million, a ValuePenguin study found.

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Weaker-than-expected economic data led to a decline in mortgage rates this week, although consumer attitudes remain strong, and should continue to drive increased home purchase demand, according to Freddie Mac.

Houston-area home sales increased nearly 10% in September from a year ago as buyers closed on 7,035 single-family homes, the bulk of which sold for between $150,000 and $500,000.