Best automation opportunities for loan processing

Join our expert panelists to learn how lenders can achieve their goals using the integration of intelligent document automation and RPA technology.

4 Strategies to Strengthen Customer Relationships

Discover the right strategies to execute fast-acting campaigns, track results and improve your bottom line – all while strengthening customer relationships.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

FHFA: May home prices barely increase

Inch up just 0.4%

House prices inched up 0.4% in May, on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency’s monthly House Price Index. 

The previous month was revised up from 0.3% percent change in April to instead reflect a 0.4% change.

Then index is based on home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.

From May 2014 to May 2015, house prices were up 5.7%. 

For comparison, the U.S. index is 1.8% below its March 2007 peak and is roughly the same as the April 2006 index level. 

For the nine census divisions, seasonally adjusted monthly price changes from April 2015 to May 2015 ranged from -0.6% in the East South Central division to 1.1% in the East North Central division. 

In addition, the 12-month changes were all positive, ranging from +0.9 percent in the Middle Atlantic division to +8.4 percent in the Pacific division.

National Association of Realtors’ existing-home sales, which also came out on Wednesday, reported that the median existing-home price for all housing types reached an all-time high in June.

The FHFA house price index compares homes sales on a monthly basis, while the NAR existing-home sales report compares year-over-year home price levels. 

Most Popular Articles

Chopra warns of post-COVID housing market fallout

Rohit Chopra warned of housing market fallout and said he would focus on helping struggling homeowners at his Senate Confirmation hearing.

Mar 03, 2021 By

Latest Articles

Plaid unveils Income to aid customer finance

Plaid’s Income simplifies income verification so customers and mortgage lenders can secure loans, qualify for mortgages, and rent apartments.

Mar 04, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please