As 2019 came to a close, potential home buyers received a year-end gift as affordability improved relative to one year ago. Two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability in December. Read More ›

The housing market started the year off strong, with the market potential for existing-home sales reaching its highest level since January 2018, according to our Potential Home Sales Model. Housing market potential increased 1.4 percent in January 2020 relative to the previous month, and grew 4.7 percent year over year, an increase of 240,050 ... Read More ›

The 2019 housing market turned out to be surprisingly strong, driven by a variety of favorable dynamics. Millennial-driven, first-time home buyer demand continued to rise, the economy reached its longest expansion in U.S. history in the third quarter of 2019, and rising wages pushed household incomes higher. Mortgage rates, which began their ... Read More ›

For the majority of 2019, overall fraud risk steadily declined, largely due to the rising volume of lower risk refinance transactions driven by low mortgage rates. After falling since March, overall defect risk stabilized in November, and then declined again in December. The overall Defect Index, which includes both purchase and refinance ... Read More ›

Once again, home buyers benefitted from a year-over-year affordability boost as two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability in November. Compared with November 2018, the 30-year, fixed-rate mortgage fell by 1.2 percentage points and household ... Read More ›

The final month of 2019 saw actual existing-home sales exceed housing market potential by 1.2 percent, or an estimated 64,830 seasonally adjusted annualized sales. According to our Potential Home Sales Model, housing market potential increased 1.7 percent in December 2019 relative to the previous month, and grew 2.6 percent year over year, an ... Read More ›