Single-family home prices increased 7.1% year-over-year in 2023Q4, the Fannie Mae Home Price Index (FNM-HPI) showed.
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Delinquency Rate for Mortgages Backed by Commercial Properties Increases in 2023Q4
According to MBA’s commercial real estate finance Loan Performance Survey, during 2023Q4 the delinquency rate for mortgages backed by commercial properties increased from 2023Q3.
Canadian Consumer Price Index Climbs 3.4% Year-Over-Year in December
The Canadian Consumer Price Index (CPI) increased 3.4% year-over-year in December, following a 3.1% gain in November.
89% of US Homeowners With a Mortgage Have a Rate Below 6%
Redfin reported that 88.5% of US homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022.
Canadian Existing-Home Sales Trend Higher in December
Home sales recorded over Canadian MLS® Systems increased 8.7% from November to December 2023, CREA reported.
US Residential Building Materials Costs Inch Higher in December
The Producer Price Index for goods input to residential construction (including energy) increased 0.1% in December after increasing a revised 0.1% in November, the BLS and NAHB reported.
Producer Price Index for Final Demand Declines 0.1% Month-Over-Month in December
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.1% in December, following a 0.1% decline in November.
New Listings of US Existing-Homes For Sale Steadily Increase
In the four-week period ending January 7th, US pending home sales posted their smallest year-over-year decline in two years, Redfin reported.
Thirty-Year Fixed-Rate Mortgages Creep Higher in the Week Ending January 11th
The 30-year fixed-rate mortgage averaged 6.66%, up from last week when it averaged 6.62%, Freddie Mac reported.
Consumer Price Index Increases 0.3% in December; All-Item Index Up 3.4% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in December on a seasonally adjusted basis, after rising 0.1% in November.