Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise. 

“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry Konter 

The sales pace of existing homes surged 6.7% in January after falling in December, as buyers got off the fence and went shopping ahead of rising interest rates, the National Association of Realtors reported.

Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.

January foreclosure filings were the highest since the start of the pandemic, according to a new report. 

The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said. 

Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in 2021, RCLCO reported. 

New statistics from the Mainstreet Organization of REALTORS® illustrate the extent to which 2021 home sales exceed even the fruitful year prior.

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic.

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

Proper Rate, the joint venture by Guaranteed Rate and @properties, has named Rich Honquest as a new vice president of mortgage lending.

Despite fierce competition in the housing market, nationwide, potential homebuyers still have dealbreakers — and they’re revealed in a new study by HomeAdvisor.

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.