Housing markets

The age at which people purchase their first home has climbed rapidly since 2021, when the median was 33, according to a National Association of Realtors survey of transactions from July 2024 through June.

Vic Lombardo, new head of mortgage services, has identified growth ideas and new revenue streams for Motto Mortgage and Wemlo, Remax CEO Erik Carlson said.

Uncover how high-speed internet access drives property valuations, creates lending opportunities, and transforms mortgage markets nationwide.

Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program.

More than two-thirds of Americans believe homeownership is riskier now than 10 years ago due to climate change, a Clever Offers survey showed.

Of the 15 states most affected by natural disasters, California and Florida had the highest non-renewal rates in 2024, a Weiss Ratings study found.

An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday.

Mortgage loan application volume jumped 7.1% on a seasonally-adjusted basis last week, the Mortgage Bankers Association said.

A national measure of prices rose 1.5% from a year earlier, according to data from S&P Cotality Case-Shiller. It was the smallest gain since mid-2023 and followed a 1.6% increase in July. 

Companies reported positive numbers but see challenges in a sluggish housing environment, as federal pressure ramps up to address affordability.