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Minority Homeownership Rate Increases in Third Quarter

According to a new data release from the Census’ Housing Vacancies and Homeownership Survey (CPS/HVS), the minority homeownership rate posted an increase in the third quarter of 2019 to 48.3 percent, up 0.9 percentage points from the third quarter of 2018 (Figure 1). This year-over-year gain is higher than the gain in the

Minority Homeownership Rate Increases in Third Quarter2019-11-18T04:14:44+00:00

Declines in Single-Family Permits Across the Country in September

Over the first nine months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 647,244. On a year-over-year (YoY) basis, this is a 2.6% decline over the September 2018 level of 664,665. Year-to-date ending in September, single-family permits reported declines in all four regions. Midwest reported the steepest decline

Declines in Single-Family Permits Across the Country in September2019-11-16T04:13:54+00:00

Fixed-Rate Mortgage Activity Shows Upswing

The Mortgage Bankers Association’s Weekly Application Survey, for the week ending November 8, 2019, showed a 5% increase in its Purchase Index and 13% increase in its Refinance Index from a week earlier on a seasonally adjusted basis. This increase occurred despite the slight increase in the 30-year fixed mortgage rate to 4.03%,

Fixed-Rate Mortgage Activity Shows Upswing2019-11-14T04:13:13+00:00

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