Percentage of all-cash home purchases in US soars to 30%

That figure represents the largest share of homes purchased in all-cash since 2014, according to a Redfin report. Continue reading

Rising home prices boost demand for jumbo mortgages

Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading

Home price growth hits new record in April: FHFA

Home prices rose 1.8 percent in April and 15.7 percent year over year. Both figures represent record growth for the House Price Index. Continue reading

‘Homebodies’ hampering housing market potential by not selling

“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. Continue reading

Summer market will be hot, but not scorching, economists say at Inman Connect

Daryl Fairweather of Redfin and Jeff Tucker of Zillow said the market would still continue to be strong through the end of 2021. Continue reading

Fannie Mae has ‘meaningfully downgraded’ its forecast for 2021 home sales

As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said. Continue reading