Housing markets

Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.

The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.

Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.

Millennials are likely to drive purchase business, while Gen X is the most likely refinance candidates, a related Freddie Mac analysis said.

Housing starts increased 5.7% to a 1.36 million annualized rate after downward revisions to prior months, according to government data released Thursday.

This is the fourth transaction EasyKnock has made of home equity alternative providers since the start of 2023.

Compared to a year ago, investors bought a greater number of properties and made up a larger share of overall purchases, returning to the market faster than individual buyers, according to Redfin.

The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.

Refinance activity jumped for a second week, as interest rates trended downwards, the Mortgage Bankers Association found.

Coming off of what was considered a weak start to the spring season, mortgage applications for newly built homes rose 22% over the prior year, the Mortgage Bankers Association said.