Housing Ended 2022 Strong, But Delinquencies Will Rise In 2023

Housing Ended 2022 Strong, But Delinquencies Will Rise In 2023

ByTMN Editor Reading Time: 2 minutes

Despite the market correction, housing ended 2022 on a strong note, CoreLogic reports. Delinquencies and foreclosures were historically low throughout 2022 and remained that way at year-end, with both seeing only minor upticks in December compared to the previous six months. Both hit their bottoms in early 2022 and have barely moved since. Only 3%…

Record-High Down Payments See Moderation

Record-High Down Payments See Moderation

ByTMN Editor Reading Time: 2 minutes

Buyers are paying record-high down payments thanks to the combination of soaring prices and high competition, but they may see a reprieve soon, according to new data from Redfin. The typical U.S. mortgage borrower in July put down $62,500, up 13.6% YOY and nearly twice the growth in home sales prices. It’s also nearly double…

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