Housing markets

The combined companies, which originated three or fewer loans in the state last year, saw minor growth year-over-year, against an overall 41% drop in volume statewide.

April interest rate drops provided momentum for an upturn, but more consumers also thought the outlook for buying and selling was headed in a favorable direction, according to Fannie Mae.

Homes in the top five states have an average of $222,964 in 2022, according to LendingTree.

The median price slipped 0.2% in February from a year earlier to $363,000, according to the National Association of Realtors.

The popular notion that any downturn this year will be mild by historical standards as firms seek to "hoard" labor is about to be put to the test.

A potential pause in the cycle by the Federal Open Market Committee is welcomed by housing industry observers, but inflation and inventory hinder activity.

Homes in the top five states have an average of $512,836 in 2022, according to LendingTree.

Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.

The average profit margin on the sale of median-priced single-family homes and condos fell to 44% last quarter, from a peak of 56% in the second quarter of 2022, according to data published Thursday by Attom, a real estate analytics firm.

The National Association of Realtors' index of contract signings to purchase previously owned homes dropped 5.2% in March to 78.9, according to data released Thursday.

Borrowers across all income levels and purchase price levels sought the discounts as interest rates rose past 7% last year.

Depending on the state, the range is from $1.7K to $3.7K based on loan offers made on the site.

They rose 2% from a year earlier in February, slower than the 3.7% increase in January, according to data from S&P CoreLogic Case-Shiller. 

The wholesaler, which is in the process of buying Homepoint's business, in its first major product announcement introduces a buy before you sell offering.

Purchases of new single-family homes increased 9.6% to an annualized 683,000 pace last month from a downwardly revised 623,000 rate in February, government data showed Tuesday.

Sluggish sales, high mortgage rates and the exit of iBuyers all contributed to the larger share of properties going for less than original purchase value last month.

Stronger than expected demand and home prices drove the latest forecast.

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.

The median selling price of a previously owned home clocked in at $375,700 in March. That's 0.9% below its year-ago level, marking the largest decline since 2012, data from the National Association of Realtors showed Thursday.

Contract closings decreased 2.4% last month to an annualized pace of 4.44 million after an outsize jump in February, according to data released Thursday by the National Association of Realtors.