Tag Archives: decline

More Americans turn to home equity for retirement funding Axios outlines how home is increasingly being used as an asset for retirement funding, but some states are seeing equity levels decline

Americans are increasingly turning to home equity for funding their retirement plans — especially through relocation and downsizing — after the pandemic led to a large uptick in home equity levels, according to data from Vanguard Group and reporting by Axios. “People still need a place to live in retirement and rarely take advantage of reverse […]

Brokers react to record decline in home values

Mortgage brokers across Australia have been quick to respond to the release of new CoreLogic figures showing the largest decline in home values on record. CoreLogic revealed on Monday, January 7, in its latest daily home value index that house prices fell 8.4% nationally, after peaking in May 2022. The property data analysis company said […]

Is Another $175,000 Price Drop Possible? 2022 Canadian Housing Market

The Chart Price Targets show us the bottom is still far away. I analyze the national average home price data from the Canadian Real Estate Association. Watch for my full and honest opinion on the Canadian Real Estate Market. Sources for US and Irish Price Indexes: S&P Dow Jones Indices LLC, S&P/Case-Shiller U.S. National Home […]

Aldermore reports £0.1bn decline on retail mortgage loan balances

However, growth returned in the second half of the year, with net lending increasing by £0.1bn as levels of redemptions reduced.  T. was 7% growth in owner occupied net loans to £2.3bn, with originations increasing to £0.6 billion as products were temporarily withdrawn to manage risk appetite and operational capacity during the pandemic were re-launched […]

Single-family construction permits decline nationwide

Year-to-date issuance of single-family construction permits declined by more than 5% annually in July, according to the National Association of Home Builders, as the building industry continues facing the headwinds of accelerating interest rates and supply shortages. The number of permits issued totaled 645,877 year-to-date in July, down 5.3% from the same month last year, […]

Secured credit availability expected to decline in coming months: BoE

This follows from the first three months of the year when lenders reported that the availability of secured credit to households dropped, according to the BoE’s quarterly Credit Conditions Survey. Lenders said they have become less willing to lend to first-time buyers or those with housing equity less than 10% of the value of their […]

Forbearance rate declines to 2.15% Forbearance will decline at a steady pace across the board in November, according to MBA

Will mortgage lending get tighter in the next recession? The fact is we’re already at 2008 credit availability levels By DDA Mortgage • 14 Jul, 2022 • As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that […]

Thirty-year mortgage rate posts largest weekly decline since 2008

“Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” said Freddie Mac chief economist Sam Khater. “While the drop provides minor relief to buyers, the housing market will continue to normalize if home price growth materially slows due to the combination […]

Housing starts decline mirrors drop in homebuilder confidence

Labor shortages emerged as yet another mitigating factor: “Skilled labor shortages continues to hamper builders, making it difficult to build,” Kushi said. “In April, hires per job opening, a measure of how readily employers can turn openings into new employees, dipped to a series low. No hammers at work, no homes. Yet, it’s not from […]

Mortgage jobs post first two-month decline since 2019

Jobs at non-depositories active in housing finance in March declined for two months in a row for the first time since 2019, according to Bureau of Labor Statistics estimates. The number of people on nonbank mortgage-banker and broker payrolls fell to 422,100, compared to 426,200 the previous month and 428,000 in January. Those numbers confirm […]