MTA Realty Group, LLC

Mortgage Delinquency Rate Remains Near Record Low The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the previous month. No state posted....

Millennial Milestone: 50% Homeownership Rate According to Apartment List’s latest report, the age group finally has a majority (51.5%) owning homes, though Gen X had a 58% rate when at the same age. NEW YORK – Thanks to the housing crisis over a decade ago, millennials couldn’t catch a break in the home market. But according to the annua...

MBA: Mortgage Applications Up 3.7% More Americans were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 3.7% on a seasonally adjusted basis from one week earlier, while the unadjusted index was up by 5%. The seasonally adjusted Pu...

Can Solar Tax Credits Help Make Housing More Affordable? Solar energy has many benefits to offer a housing industry that is more invested in sustainability and cost savings for homeowners. Many states have prioritized solar energy and offered a number of incentives for homeowners who choose to install solar panels, with rebates and other incentives allowi...

March New-Home Sales Jump 9.6% Sales surpassed economists’ expectations. Builders say decreasing mortgage rates and the existing-home market’s lack of inventory probably pushed sales higher. WASHINGTON, April 25 – Lower mortgage rates and limited existing inventory helped push March sales of newly built, single-family homes...

Case-Shiller: Home Prices Up in February The latest data from S&P CoreLogic Case-Shiller Indices showed a modest increase in home prices nationwide during February, although eight of the 20 major metro markets tracked by the indices reported lower prices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which encompasses....

New Home Purchase Mortgage Applications Up, Forbearance Level Down Two new data reports from the Mortgage Bankers Association (MBA) show a rise in new home purchase mortgage applications and a decline in the number of home loans in forbearance. The MBA Builder Application Survey data for March reported a 0.6% year-over-year increase in mortgage applications for new...

Middle-Income Homeowners Gained $122K in Wealth Over the Past Decade Middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% over the last 10 years, according to new data from the National Association of Realtors (NAR). However, the gains of the past decade varied across the country. NAR’s data determined that low-income homeowners...

Buying a Fixer-Upper? The 203(k) Program Can Help A tight listing market pushes buyers to look at potential more than curb appeal, and HUD’s 203(k) program helps them include upgrade costs in their first mortgage. WASHINGTON – For more than four months, Amina Thompson-Wright and her husband, Dannelle Wright, tried to buy a home in Southwest Phi...

Fannie Mae: Q1 Single-Family Home Prices Up 4.7% Single-family home prices during the first quarter increased on a 4.7% year-over-year basis, down from the previous quarter’s revised annual growth rate of 8.6%, according to the latest Home Price Index data from Fannie Mae (OTCQB: FNMA). On a quarterly basis, first quarter home prices rose a seas...

March Single-Family Starts Rise 0.8% Within that overall number, single-family starts rose 2.7% and multifamily starts dropped 5.9%. Homebuilders see it as “signs of a gradual upturn.” WASHINGTON – Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helpe...

New Homes Now One-Third of Housing Inventory Builder optimism rose again in April thanks largely to a tight inventory of existing homes, and the index components that gauge future expectations rose the most. WASHINGTON – Builders remained cautiously optimistic in April as limited resale inventory helped increase demand for new homes. April b...

MBA: $816 Billion In Commercial Real Estate Mortgage Activity In 2022 Total commercial real estate mortgage borrowing and lending resulted in $816 billion in transactions last year, according to the Mortgage Bankers Association’s (MBA) 2022 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. This represented an 8% drop from the record $89...

Some Home Features Help Sell Homes Faster A study compared certain home features to all sales and found a quicker time to contract with some. A smart-doorbell home, for example, sold 5.1 days faster. FORT LAUDERDALE, Fla. – With spring-buying season in full swing, home sellers eager to see their properties sold quickly could benefit from ...

Mortgage Application Activity Up 5.3% Mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was up 5.3% on a seasonally adjusted basis from one week earlier while the unadjusted index w...

Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings Cleveland-headquartered KeyBank (NYSE: KEY) has debuted its Fair Housing Month poll, which surveyed 1,000 homeowners in households earning less than $75,000 annually regarding their homebuying and lending experiences. The inaugural poll found that nearly one-third (31%) of respondents did not seek o...

Millennials Buy More Expensive Homes. Here’s Why As millennials settle down and have children, they purchase homes that can accommodate growth.  MIAMI – Millennials in South Florida are buying more expensive homes than other homebuying groups, as inflation and rising home prices influence the market, new data shows. The median home purchased by...

Work-from-Home People Younger, More Diverse 5.7% of the U.S. labor force worked at home in 2019 and 17.9% in 2021; for 25-34 year-olds, it was 16% to 23%. For real estate workers, it went from 10.8% to 38.4%. NEW YORK – People working from home became younger, more diverse, better educated and more likely to move during the worst part of th...

Why Does It Still Feel Like a Seller’s Market? RE usually sees cycles between buyer’s and seller’s markets, but this time it’s a bit different. Supply vs. demand hasn’t changed because both sides pulled back. SEATTLE – New listings fell 21.8% year-to-year during the four weeks ending April 2, one of the biggest drops since the start of...

Wall Street Expects Robust 2023 New-Home Market The stock for many major U.S. builders is up 20% so far as investors bank on it probably “crossing the valley from recession to potential recovery” in fall 2023. LOS ANGELES (AP) – Homebuilder stocks are on a tear as investors bet that a dearth of previously occupied homes on the market and mo...

30-Year Mortgages Dip Again, Hit 6.28% It’s the fourth week of declines. This week’s average 6.28% for a 30-year, fixed-rate mortgage dropped from last week’s 6.32%, says Freddie Mac. WASHINGTON – The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate ...

5 Ways to Finance a Real Estate Investment Banks are the tried-and-true method, but other sources for real estate investing include credit unions, microloans and arrangements through a private lender. NEW YORK – As more people realize the benefits of investing in real estate, their first question often focuses on financing – specifically...

Does a Seller Have an Assumable Mortgage? Many FHA, VA and USDA loans are assumable, which could mean more money for sellers if they can offer financing that’s closer to the pandemic-low range of 3%. CHICAGO –  When interest rates rise, buyers are often forced to make hard choices about the cost of housing. Higher rates coupled with th...

Homebuying Demand May Finally Be Turning A Corner House hunters are wading into the market as mortgage rates and home prices continue to decline. Mortgage-purchase applications increased for the fourth week in a row and Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of requests to tour homes, make an offer on a home and/or start ...

Why Would A House Not Get Any Offers In Today's Market? There’s no doubt that today’s real estate market is…difficult. Homes are spending an outstanding 75 days on the market, up from a low of 31 days set in May 2022. This is the longest time on market since February 2020. Days on market is a metric that tracks the time between when a house is l...

Mortgage Rates Hit Lowest Level in 6 Weeks At 6.32%, the average 30-year, fixed-rate mortgage declined from last week’s average 6.42% – a ray of hope for buyers seeking to secure a home this spring. WASHINGTON – The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying se...

NAR: Pending Sales Up for 3rd Straight Month Pending sales – homes under contract but not yet sold – rose 0.8% month-to-month in Feb. with only the Western region seeing a decline. WASHINGTON – Pending home sales grew in February for the third consecutive month, according to the National Association of Realtors® (NAR). Of the four U.S. ...

The History Of The Mortgage Rate Mortgage rates continue their upward trajectory as the Federal Reserve continues their pointed and aggressive response to stubborn inflation, with weekly U.S. average at 6.73% as of 3/8/23. This means that would-be homebuyers are continuing to face challenges of affordability and low inventory. Le...

Consumers Grew a Bit More Confident in March The confidence index rose from 103.4 (Feb.) to 104.2, with future outlooks rosier than current ones. Many consumers plan to cut down on “highly discretionary” spending. BOSTON, Mass. – The March Consumer Confidence Index from the Conference Board increased slightly to 104.2 – up from 103.4 i...

7 Things First-Time Homebuyers Should Consider In today’s market, things are a little intense for first-time home buyers. But just because house prices are skyrocketing and interest rates are higher than what they were a year ago doesn’t mean buying a home is out of reach for you. In this article, we help walk first-time homebuyers through t...