Tag Archives: February

Home prices jumped 20% in February, slowdown may be coming: S&P Case-Shiller

A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Home prices increased 19.8% in February year over year, according to the S&P CoreLogic Case-Shiller national home price index. That is up from the 19.1% annual increase in January and is the third-highest reading in the […]

Housing affordability plunged in February

The combination of rising interest rates and surging housing prices drove the most rapid decline in affordability in more than 30 years, according to First American. Researchers at the real estate services provider determined that affordability decreased 30.6% year over year in February, the largest margin since First American began tracking the metric. On a […]

UK house prices increase 10.9% from February 2021

The data found that house prices in the UK have risen by 0.5% since January this year. The UK Property Transactions Statistics showed that in February 2022, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 112,240, representing a 20.8% decrease compared to […]

Florida Housing Market Update: February 2022

T. may be some subtle signs of a slowing market, but even with that, demand for housing in Florida is still surging — and rising home and condo prices continue to reflect that. GET REAL ESTATE MARKET DATA IN YOUR AREA . SUNSTATS: https// floridarealtors.org/sunstats ❗MORE GREAT INFO FROM FLORIDA REALTORS ❗ Florida Realtors website: […]

Home sales fall in February ahead of key spring selling season

A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the […]

Homebuyers are really beginning to feel the squeeze Median mortgage application monthly payment climbed to $1,653 in February

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers’ ability to buy homes in February. The trend is also likely to worsen in the coming months. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published […]

Remortgages rise by 51% in February: LMS

It adds that 23% of remortgages were completed in the month, compared to January, adding that activity “will almost certainly remain very high throughout March” as a large early repayment charges date approaches. The most popular main aim when remortgaging was to lower monthly payments, cited by 28% of borrowers. The survey by the conveyancing […]

Forbearance rate declined to just 1.18% in February In total, about 590,000 homeowners were in forbearance plans as of February 28

Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. The total number of loans in forbearance decreased by 12 basis points, from 1.30% in January to 1.18% in February, according to the Mortgage Bankers Association (MBA). In total, about 590,000 homeowners […]

February home sales fall far more than expected, as mortgage rates rise

A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022. Stefani Reynolds | AFP | Getty Images Sales of previously owned homes fell 7.2% month to month in February to a seasonally adjusted annualized rate of 6.02 million units, according to the National Association of Realtors. That […]

South Florida Housing Market Update [February 2022]

South Florida Housing Market Update [February 2022]

South Florida Housing Market Update [February 2022] Welcome back to this month’s South Florida Housing Market Update with Andy Mandel. In this month’s update we go over the leading indicators of what’s happening right now in our market so you can stay .rmed and make a smart decision for you and your family! 📲 We […]