Housing markets

However, with mortgage rates down and household income increasing, consumers have 129% more buying power today than they did 16 years ago, according to First American.

U.S. pending home sales unexpectedly declined for a second straight month in July as limited inventory and soaring prices deterred some prospective buyers.

Local mortgage lenders give their boots-on-the-ground perspectives about the ZIP codes with 2021’s shortest list-to-sale times, according to Realtor.com.

Purchases of new single-family homes increased 1% to a 708,000 annualized pace following an upwardly revised 701,000 in June, government data showed Tuesday.

Record high price growth and the dearth of housing inventory left the majority of consumers anxious about the market, a survey finds.

However, the pace of growth at the six active underwriters should moderate over the next two years, Keefe, Bruyette & Woods said.

Contract closings increased 2% from the prior month to an annualized 5.99 million, a four-month high, according to figures from the National Association of Realtors on Monday.

Congress included funding for such assistance in its infrastructure bill.

Measuring factors from affordability to quality of life, local lenders give insights to the top metro areas for new buyers, according to WalletHub.

Refinancing, high home prices, the concentration of pandemic-related hardships in the FHA market, and the lingering impact of last year’s market disruption all likely played a role in the intensified discrepancy.

Lower rates and higher home prices will boost dollar volume although few home sales will cut into purchase volume growth.

But average loan sizes remain near record highs, with summer purchases of new constructions continuing to drive up prices.

Residential construction starts dropped to a three-month low in July, while building permits increased from the prior month due to a pickup in multifamily applications.

Despite home supply recovering and sales slowing, properties spent the least amount of time on the market since at least 2009, according to Remax.

The most vulnerable areas all have the same things in common: relatively moderate price appreciation and affordability hurdles — either due to high home values or employment issues.

Other investors in the round include Caffeinated Capital Andreessen Horowitz, Singapore's GIC, GGV Capital and Moore Specialty Credit.

The share of home sales that were competitive remained above year-ago levels in July, but only by a few percentage points.

But median prices still rose 17% year-over-year, the company found.

The companies are investing more in government-insured equity withdrawal products for borrowers ages 62 and up, which offer higher returns.

Refinancing volume rose to its highest point since February, as borrowers benefited from low interest rates.