Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.5 points in May 67.5—increasing slightly from nearing an all-time survey low in April.
AEI’s latest housing market indicator shows that the purchase rate lock volume for the week of May 25 was up 19% from a year ago, with analysis saying the worst of the “near-term effects” of COVID-19 could be behind housing.
Realtor.com’s May Monthly Housing Trends report forecasts that the U.S. housing market has “likely” reached its low point, with signs of recovery and even strengthening emerging in April and May. Growth is expected to continue over the summer.
A study by LendingTree found 53% of homebuyers are more likely to buy a home over the next year due to the outbreak of COVID-19.
CoreLogic reports home prices rose 5.4% annually in April 2020, exceeding the Home Price Index (HPI) report’s 3.6% gain from April 2019.
The national delinquency rate increased by 90.22%, according to Black Knight's latest Mortgage Monitor Report, with 1.6 million new delinquencies since March and a rate of 6.45%, the largest single-month increase on record.
The House Financial Services Committee held a virtual roundtable to discuss the impact COVID-19 has had on the U.S. Housing Market.
For the week ending on May 23, Zillow reported its findings on the shifts occurring in housing market data, specifically showing an uptick in buyers and sellers movement on the market.
According to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry.
An additional 2.12 million Americans filed for unemployment claims for the week ending on May 23, according to the U.S. Department of Labor.
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