New data shows that a tiny proportion of Boston-area homes are selling for less than their owners paid thanks to a supply of homes for sale that’s shrunk much faster than demand as interest rates rose over the last 18 months.
Greater Boston saw the steepest declines in lock volumes – sliding by 19.3 percent in July compared to June.
Two recently released reports raised hopes that the real estate market in Massachusetts might be reheating a bit after months of slower-than-normal activity.
A new report out Tuesday shows surprising and potentially worrisome data points: single-digit percentage declines in the statewide and Greater Boston median home sale prices.
New data from real estate data firm Black Knight shows that Boston-area residents are still raring to jump into the housing market, despite huge shortages in housing inventory and record-high prices.
While mortgage rate-lock volumes increased nationwide for the first time in nine months, volumes remained down compared to 2022.
Amid current economic conditions and the typically low demand for mortgages at year-end, mortgage applications at the end of December reached the lowest level since 1996, according to the Mortgage Bankers Association.
While homebuying activity typically falls off dramatically in November and December, the drop-off reported by Black Knight came as mortgage rates fell 50 basis points in three weeks.
A new analysis by real estate data firm Black Knight has discovered around 450,000 casualties from this spring’s home-buying frenzy.
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
More homeowners – and lenders – are turning to home equity loans and lines of credit in the face of historic levels of tappable equity and rising mortgage rates that make cash-out refinances unattractive.
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?
Only 217,000 residential mortgage-holders became past-due in March, according to a new report from Black Knight, the lowest on record.
While some of the names on this year’s list of Fast 50 lenders may be relatively new in the Massachusetts market, many of the faces behind those lenders carry years of experience in the state’s mortgage industry.
The second quarter saw the largest quarterly origination volume in the past 20 years, according to data firm Black Knight Inc. Mortgage activity has also shown signs that some of spring homebuying hampered by the pandemic has moved into the third quarter.
Much has been written about government abuse during the COVID-19 pandemic. But it seems some homeowners are scamming the system, as well.
The Mortgage Bankers Association’s latest survey showed that the total number of loans now in forbearance increased from 8.46 percent of servicers’ portfolio volume as of May 24 to 8.53 percent as of May 31. According to MBA’s estimate, almost 4.3 million homeowners are now in forbearance plans.
Only a lender can tell a homebuyer how much they can spend on a house. But you don’t have to spend that much, and probably shouldn’t.
Foreclosure starts nationwide were at an 18-year low in August, another sign of the housing market’s recovery and a generally healthy economy.
