“Our Potential Home Sales Mode has now increased for four consecutive months alongside generally lower mortgage rates, providing some optimism,” said Mark Fleming, Chief Economist at First American.

The Home Price Index overall found that home price growth remains in positive territory at 4.4%, marking 133 straight months of growth.

HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.

“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.

“2023 began as 2022 had ended, with U.S. home prices falling for the seventh consecutive month,” says Craig J. Lazzara, Managing Director at S&P DJI.

According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.

Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%.

Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.

The number of flips by small and large investors alike hit its highest level in over 15 years.

The Bureau’s independent funding through the Federal Reserve was ruled to be lawful by a panel of judges in the Second Circuit Court of Appeals. After rulings by two different circuit courts, the case is expected to be heard by the Supreme Court in October.