The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan.

Year over year, the pace of sales was up 66.8% nationwide.

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.

“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

Prices in the Houston metro area were up 6.3% over February 2020. CoreLogic classified Houston’s market as “overvalued.”

While pandemic headlines had many leaving cities and moving to the suburbs or looking for additional space in their current home, interest in tiny homes was little remarked upon.

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.

The land conservation and farming communities need to come together and let Congress know how vital the like-kind exchange is to the future of our land and that it must continue.

The median price of a home in the U.S. reached its highest point in 13 years last month as inventory continued to fall.

It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.

Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.