While the state of the market has made purchasing a home more difficult, military servicemembers—both past and present—face additional challenges such as frequent relocations due to changing orders.

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.

People gifted with remote work overwhelmingly chose to migrate to the Sun Belt, resulting in higher housing costs, which weigh on inflation figures.

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

According to a new report from Redfin, one-third fewer homes went under contract in October compared to last year.

New Black Knight data takes a look at "the largest quarterly decline [in newly acquired equity] on record by dollar value and the largest since 2009 on a percentage basis.”

“With inflation increasing the costs of goods and services, and with interest rates rising, families and businesses have been presented with tough financial decisions,” said ABI Executive Director Amy Quackenboss.

A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.

"Based on our findings, the shift to a more balanced market is still in its early stages. We expect that this much-needed reset will persist through much of 2023, and although prices will again begin to rebound they likely won't return to their peaks for the foreseeable future," said Sean Black, Knock Co-Founder and CEO.

"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM.