Marketing & Statistics
RealEstateRama Marketing & Statistics
Single-Family Housing Contraction Continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
Senior Home Equity Exceeds Record $11.58 Trillion
Homeowners 62 and older saw their housing wealth grow by 4.10 percent or $456 billion in the second quarter to a record $11.58 trillion from Q1 2022, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
Existing-Home Sales Slumped 5.9% in October
Existing-home sales retreated for the ninth straight month in October, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year declines.
Mortgage Application Payments Rise 3.7 Percent to $2,012 in October
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September
Without increased supply, housing costs will continue to be unacceptably high
Report on the Consumer Price Index (CPI) makes clear that rising housing costs continue to fuel inflation. While increased interest rates are reducing demand, they are also crushing housing
Commercial/Multifamily Borrowing Declines 13 Percent in Third-Quarter 2022
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s
Sustainability Solutions for HOAs: Solar and EV Charging
Now more than ever, home owners and buyers are pursuing sustainable efforts within their home. As more HOA residents look to install rooftop solar, or add EV charging in condos and townhomes, many HOA covenants need updating. The Atlanta REALTORS® Association invites residents, HOA board members, management companies
New Home Sales Fall Back in September as Interest Rates Jump Higher
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September.
Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage
Freddie Mac (OTCQB: FMCC) will increase homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity as part of its technology’s loan purchase eligibility assessments, the company announced today.
Mortgage Credit Availability Decreased in September
Mortgage credit availability decreased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
GCAAR housing stats | August ‘22
The median sold price for residential properties in the region for August was $599,000, representing an increase of 0.8% compared to last month and an increase of 2.6% from August 2021. The average days on market for units sold in August was 22 days, 16% below the 5-year August average of 26 days
Pending Home Sales Dropped 2.0% in August
Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines.
Homebuyer Affordability Improved for Third Straight Month in August
Homebuyer affordability improved for the third straight month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July.
Atlanta REALTORS® Releases August 2022 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2022 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Existing-Home Sales Retreated 5.9% in July
Existing-home sales sagged for the sixth straight month in July, according to the National Association of REALTORS. All four major U.S. regions recorded month-over-month and year-over-year sales declines.
CONSTRUCTION INDUSTRY ADDS 16,000 JOBS IN AUGUST BUT NONRESIDENTIAL CONTRACTORS STRUGGLE TO FILL SLOTS...
Association Official Notes that 91 Percent of Contractors are Having a Hard Time Finding Workers According to a New Survey
Pending Home Sales Slipped 1.0% in July
Pending home sales declined for the second consecutive month in July, and for the eighth time in the last nine months, according to the National Association of REALTOR. Three out of four major regions registered month-over-month decreases, though the
New Home Sales Fall to Lowest Pace in More than Six Years
In a further sign that the housing market continues to weaken, new home sales in July fell to their lowest level since January 2016. The tepid sales pace matches declining builder confidence
Atlanta REALTORS® Releases July 2022 Statistics on Housing Market
The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area
Atlanta, GA (August 29, 2022) – Atlanta REALTORS® Association (ARA), the largest association of...
Housing Starts Weaken in July as Market Slowdown Continues
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market
