Housing markets

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.

Trends on loans 90 days or more late on their payments reinforce other indicators showing the pandemic-driven growth in late payments is moderating, according to a new CoreLogic report.

The real estate and mortgage company’s revenue beat estimates, but a deepening loss appears to have worried investors.

Tight inventory and heightened competition kept prime purchasers at bay as property values continued their summer surge, according to Fannie Mae.

The hot hot real estate market has pulled homeowners out of a debt trap that many had been stuck in since the great financial crisis more than a decade earlier.