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MAY 2021


“The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes…That decline has resulted in the decrease in supply of entry-level single-family homes or, "starter homes.” Sam Khater

Vice President and Chief Economist at Freddie Mac


Single-Family Housing Units Completed by Decade not seasonally adjusted

12.6M 11M

9.8M

10.7M

6.5M

1970-1979

1980-1989

1990-1999

2000-2009

2010-2019 Census


Google reported last week that the search question “When is the housing market going to crash?” spiked 2,450% in the past month.


Year-Over-Year Change in Listings 60% 40%

Total Listings New Listings

40%

20% 0% -20% -40%

-53%

-60% move.com


Inventory Levels - SFH 2020

2021 1,240,000

1,210,000

880,000

December

1,310,000

1,290,000

870,000

January

870,000

February

900,000

March NAR


“Demand remains strong as home buyers are snatching listings quickly off the MLS, and it takes approximately 18 days for a home to go from listing to a contract in the current housing market. A year ago, it took 29 days.” NAR


43% Survey of economists

When Will U.S. Housing Inventory Grow Again? 26% 12%

10%

1st Half of 2021

2nd Half of 2021

1st Half of 2022

2nd Half of 2022

9%

2023 or Later Pulsenomics


TOP 5 REASONS HOMEOWNERS PLAN TO SELL THIS YEAR 1. 2. 3. 4. 5.

Our home no longer meets our needs We can make a profit in the current market We want a smaller house/less work We want to live closer to friends and family We want different features and amenities

from a recent realtor.com survey


Prospective Homebuyers Planning To Buy a Home in Next 12 Months 16% of American adults are considering the purchase of a home in the next 12 months according to NAHB’s Housing Trends Report for Qtr1’21. That’s six points higher than the 10% with similar plans a year earlier.

15%

16%

13% 10%

Q1 2020

11%

Q2 2020

Q3 2020

Q4 2020

Q1 2021

NAH


Average Profit for Home Sellers Increased 26% $70,050 $55,750

2020 Q1

2021 Q1 ATTOM Data Resources


This “is not a bubble. It is simply lack of supply.” Lawrence Yun Chief Economist at NAR


FORBEARANCE UPDATE


4.76 4.73

4.66

4.6

The number of mortgages in active forbearance unchanged for last 3 weeks

4.68 4.58

4.14 4.12 4.12 4.1 4

in millions

3.93 3.93 3.93 3.8

3.72 3.69

3.59 3.62

3.01 2.97 2.99 2.97 2.86

2.83 2.79 2.76 2.79 2.8 2.75 2.74 2.77 2.74 2.73 2.76 2.76 2.72

2.71 2.69 2.67 2.69

2.61 2.59 2.57 2.54 2.31 2.31 2.31

5/29

7/3

8/7

9/4

10/2

11/6

12/4 1/1/2021

2/5

3/5

4/2

McDash Flash Forbearance Tracker


400K Mortgages Left Forbearance in Last Two Months 2.71

2/26

2.69

3/5

2.61

3/12

in millions

2.59

3/19

2.57

3/26

2.54

4/2

2.31

2.31

2.31

4/9

4/16

4/23

McDash Flash Forbearance Tracker


Upon exit from forbearance plan:

47.3% were paid in full 36.5% worked out repayment plan 16.2% were still in trouble

1.6% Repayment plans,

short sales, deed-in-lieus

14.6%

No loss mitigation plan

9.6%

25.4% Made their monthly payments during their forbearance period

Modification

7.5% Cumulative forbearance exits for the period from June 1, 2020

through April 18, 2021

26.9% Loan deferral

14.4%

Loan paid off

Past due payments were brought current

MBA


Upon leaving forbearance, % of borrowers who… Are Paid in Full

52.4

32.5 15.2

3-Jan

Have Worked Out a Plan

Are Still in Trouble

47.3 36.5

16.2

10-Jan 17-Jan 24-Jan 31-Jan 7-Feb 14-Feb 21-Feb 28-Feb 7-Mar 14-Mar 21-Mar 28-Mar 4-Apr 11-Apr 18-Apr

MBA


“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one.” Rick Sharga EVP of RealtyTrac


“Consumers were more upbeat about their income prospects last month—and many appear eager to spend. The survey found 8.9% of Americans plan to buy a home in the next six months, the biggest share in records going back to 1978.” Wall Street Journal


3.90

Mortgage Rates

3.70

Freddie Mac 30-Year Fixed Rate 3.50

3.30

3.10

2.98%

2.90

2.70

January 2020 – Today 2.50

2020

2/6

3/5

4/2

5/7

6/4

7/2

8/6

9/3

10/1

11/5

12/3

2021

2/4

3/4

4/1

Freddie Mac


Mortgage Rate Projections Quarter

Freddie Mac

Fannie Mae

MBA

NAR

Average of All Four

2021 3Q

3.3

3.3

3.6

3.2

3.35%

2021 4Q

3.4

3.4

3.7

3.4

3.47%

2022 1Q

3.5

3.5

3.9

3.5

3.6%

2022 2Q

3.6

3.5

4.1

3.5

3.67%


Mortgage Rates 2018 Freddie Mac

- Actual - Projected

30-Year Fixed Rate

2019 2022

2017 2020

2016

2021 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4

4

3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.2 3.3 3.4 3.5 3.6 3.7 3.8

Freddie Mac


Home Price Forecasts 2021 10.3% 8%

6.8% Average of all forecasts

7%

6.6%

6.6%

5.7% 3.5%

MBA

Fannie Mae

Zelman

Freddie Mac

NAR

realtor.com

CoreLogic


Home Sales Forecasted to Increase Nicely in 2021 and Do Well in 2022 Fannie Mae

6.9M

7.1M

Freddie Mac

7.5M

7.3M

2020 Total Home Sales 6.5M

2021

MBA

6.5M

6.7M

2022


“Perception is strong and sight weak. In strategy it is important to see distant things as if they were close and to take a distanced view of close things.” Miyamoto Musashi

Legendary Japanese Swordsman & Philosopher


Summer 2021 Buyer & Seller Guides Available June 4th


Resources Slide

Slide Title

Link

2

Khater Quote

http://www.freddiemac.com/perspectives/sam_khater/20210415_single_family_shortage.pag e

3

New Construction

https://www.census.gov/econ/currentdata/dbsearch?program=RESCONST&startYear=1959&e ndYear=2020&categories=COMPLETIONS&dataType=SINGLE&geoLevel=US&notAdjusted=1&su bmit=GET+DATA&releaseScheduleId=

4

Google Searches

https://www.cnbc.com/2021/04/13/when-is-the-housing-market-going-to-crash-consumersask.html

5

YOY Change in Listings

https://www.realtor.com/research/tag/housing-inventory/

6

Inventory Levels

https://cdn.nar.realtor/sites/default/files/documents/ehs-02-2021-single-family-only-2021-0322.pdf

7

NAR Quote

https://www.nar.realtor/blogs/economists-outlook/march-2021-existing-home-sales-dropwhile-prices-continue-to-climb

8

Inventory Growth Projections

https://pulsenomics.com/wp-content/uploads/2021/04/Q1_2021_Special_Report.pdf

9

Reasons to Sell

https://www.realtor.com/research/potential-sellers-boost-housing-2021/

10

Prospective Homebuyers

https://eyeonhousing.org/2021/04/covid-19-continues-to-fuel-desire-for-homeownership/

11

Profit for Sellers

https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-q12021-u-s-home-sales-report/

12

Yun Quote

https://www.axios.com/housing-boom-bubble-mortgage-50b573de-94f0-4d7c-a34db2b40d9dc664.html

14, 15

Forbearance Rates

https://www.blackknightinc.com/blog-posts/


Resources Slide

Slide Title

Link

16, 17

Upon Exiting Forbearance

https://www.mba.org/news-research-and-resources/newsroom

18

Sharga Quote

https://www.housingwire.com/articles/cfpb-begins-cracking-down-on-mortgage-servicers/

19

WSJ Quote

https://economics.cmail20.com/t/ViewEmail/d/C1782F21C38163062540EF23F30FEDED/5323C D85A2087AFD22947492D9797BBC

20

Mortgage Rates

http://www.freddiemac.com/pmms | https://freddiemac.gcs-web.com/node/22646/pdf

21

Mortgage Rate Projections

http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page https://www.fanniemae.com/media/38961/display https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-andcommentary https://cdn.nar.realtor/sites/default/files/documents/forecast-Q2-2021-us-economic-outlook04-29-2021.pdf

22

Freddie Mac Projection

http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page

Price Forecasts

https://www.corelogic.com/insights-download/home-price-index.aspx |nar.realtor | mba.org http://www.freddiemac.com/research/forecast/20210114_quarterly_economic_forecast.pagef anniemae.com https://news.move.com/2020-12-02-Realtor-com-R-2021-Housing-Forecast-Sellers-Will-GetTop-Dollar-As-Buyers-Struggle-with-Affordability http://zillow.mediaroom.com/2020-12-18-Home-Value-Growth-Breaks-Records-as-RentsStabilize https://www.nar.realtor/newsroom/top-economic-and-housing-experts-predict-postpandemic-rebound-with-continued-job-growth-stable https://www.redfin.com/news/housing-market-predictions-2021/

Homes Sales Forecast

https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-andcommentary | https://www.fanniemae.com/media/38961/display http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page

23

24


Resources Slide

Slide Title

Link

33, 53, 63

Confidence Index

https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidenceindex

34-36, 44, 5458

Existing Home Sales

https://www.nar.realtor/topics/existing-home-sales

37-40

New Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf http://www.census.gov/newhomesales http://www.census.gov/construction/nrs/pdf/newressales.pdf

41

Total Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf https://www.nar.realtor/topics/existing-home-sales

42,43

Pending Home Sales

https://www.nar.realtor/research-and-statistics/housing-statistics/pending-homesales

48-50

Case Shiller

https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-20city-composite-home-price-nsa-index/#news-research

51

CoreLogic Forecasted YOY % Change in Price

https://www.corelogic.com/insights-download/home-price-index.aspx

54-60

Inventory

https://www.nar.realtor/topics/existing-home-sales http://www.census.gov/construction/nrs/pdf/newressales.pdf


Resources Slide

Slide Title

Link

62

Showing Activity

https://www.showingtime.com/blog/march-2021-showing-index-results/

65,66, 68,69

Mortgage Rates

http://www.freddiemac.com/pmms/pmms_archives.html http://www.freddiemac.com/research/forecast/

67

Mortgage Rate Projections

http://www.freddiemac.com/research/forecast/ http://www.fanniemae.com/portal/research-insights/forecast.html https://www.mba.org/news-research-and-resources/research-andeconomics/forecasts-and-commentary https://www.nar.realtor/research-and-statistics

71,72

Mortgage Credit Availability

https://www.mba.org/news-research-and-resources/newsroom https://www.mba.org/news-research-and-resources/research-and-economics/singlefamily-research/mortgage-credit-availability-index

73-77

Days To Close, FICO Scores, DTI

http://www.elliemae.com/resources/origination-insight-reports


Average Days on the Market

NAR


EXISTING Home Sales

Since January 2014 Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

NAR


EXISTING Home Sales Y-O-Y by region

16.9%

15.9%

15.5%

12.3%

0.8% U.S.

Northeast

Midwest

South

West NAR


Existing Home Sales in thousands

January

February

March

April

May

June

2019

July

2020

August

September October November December

2021 NAR


New Home Sales in thousands

January

February

March

April

May

June

2019

July

2020

August

2021

September

October

November December

Census


New Home Sales annualized in thousands

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan 2020

Jan 2021

Census


New Home Sales % of distribution by price range

35%

29%

15%

*

13%

5%

3%

Under $150K $150-$199K * Less than 500 units or less than 0.5 percent

$200-299K

$300-$399K

$400-$499K

$500-$749K

Over $750K Census


New Homes Selling Fast (median months from completion to sold)

4.5 4.5 4.2 3.9 3.7

4.3

4.2 4.0

3.8

3.7

3.3

3.6 3.6 3.4

3.3

3.5

3.6 3.4

3.2 3.2

3.1

3.2

3.4 3.4 3.4 3.1

3.0

2.9 2.9

3.6

3.6

3.5 3.2

3.3

3.6 3.6 3.2

3.0

2.7

Jan-18 Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan-19 Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec Jan-20 Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan-21 Feb

Census

mar


Total Home Sales in thousands 682 641

January

554

475

443 376

651 601

586

581

640

436

426

398

February

March

April

436

May

June 2020

July

August

September October November December

2021 Census & NAR


PENDING Home Sales since 2014

100 = Historically Healthy Level

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

NAR

January 2021


Pending Home Sales Year-Over-Year By Region 27.9%

29.8%

16.7% 14.1%

13.3%

U.S.

Northeast

Midwest

South

West NAR


35%

Percentage of Distressed Property Sales Distressed sales – foreclosures and short sales – represented less than 1% of sales in March.

4%

January 2012 - Today Jan 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

1% Jan 2020

Jan 2021

NAR


Home Prices


EXISTING Home Prices Y-O-Y by region

21.4% 17.2% 13.5%

U.S.

Northeast

Midwest

15.6%

South

16.8%

West NAR


% Change in Sales from last year by Price Range

107.8% 82.0% 56.6%

20.9%

%

-15.3%

-10.2%

$0-100K -15.3%

$100-250K -10.2%

$250-500K 20.9%

$500-750K 56.6%

$750K-1M 82.0%

$1M+ 107.8% NAR


Case Shiller

Year-Over-Year

PRICE

CHANGES

Jun 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

S&P Case Shiller


Jan 2014 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2017 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2018 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2019 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2020 Feb Mar Apr May Jun Jul Ago Sept Oct Nov Dec Jan 2021 Feb

Case Shiller Year-Over-Year PRICE CHANGES 20 City Composite

S&P Case Shiller


Case Shiller

11.9%

Year-Over-Year PRICE CHANGES 20 City Composite

11.1% 10.2% 9.2% 8.0%

6.6% 5.3% 3.9%

4.0%

Mar

Apr

3.6%

3.5%

May

Jun

4.1%

Jul

Aug

Sept

Oct

Nov

Dec

Jan 2021

Feb

S&P Case Shiller


Year-Over-Year % Change in Price 11.3%

3.5%

Current

Forecast CoreLogic


HOUSING INVENTORY


Seller Traffic Index

NAR


10.5

Months Inventory of HOMES FOR SALE

9.5

8.5

7.5

2011 - Today

6.5

5.5

4.5

3.5

2.5

1.5

January 2011

January 2012

January 2013

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

NAR


Months Inventory of HOMES FOR SALE last 2 years 4.6

4.2

4.3 4.3

4.2 4.0 4.0

3.8

3.8

4.0

3.9

3.9

3.7

3.6

3.3 3.0

3.1 3.1

3.1

3.0 2.7 2.5 2.3 1.9 1.9

Jan-19

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan-20

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

Jan-21

2.0

Feb

2.1

Mar

NAR


Months Inventory of HOMES FOR SALE Last 12 Months

4.6 4.0

3.9

3.1

3.0 2.7

Apr

May

June

July

Aug

Sept

2.5

Oct

2.3

Nov

1.9

1.9

Dec

Jan-21

2.0 Feb

2.1 Mar NAR


Year-over-Year Inventory Levels January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

% 7. 5. 3. 6. 6. 5. 5. 4. 6. 5. 5. -0 -0 -0 2. -0 1. 0. -4 -1 -3 -4 -1 -3 -2 -1 -1 -3 -9 -5 -5 -1 -6 -1 -9 -6 -7 -6 -6 -9 -8 -7 -9 -6 -6 -1 -9 -1 -9 -8 -7 -6 -6 0. 0. 2. 1. 2. 4. 6. 4. 2. 2. 1. 2. 0. -1 -2 -2 -4 -5 -9 -1 -9 -1 -1 -1 -1 -2 -1 -1 -1 -2 -2 -2 -2 -2

NAR


HOUSING SUPPLY Year-Over-Year

Apr

-19.7%

May

-18.8%

June

Jul

-18.2%

Aug

-18.6% -21.1%

Sept

-19.2%

Oct

Nov

Dec

Jan 2021

Feb

Mar

-19.8% -22.0% -23.8% -25.7%

Last 12 Months

-29.5%

-28.2%

NAR


New Home Inventory

months supply Last 12 Months

Not seasonally adjusted

6.1

4.8

4.8

4.8 4.4

3.8 3.4 Apr

May

Jun

Jul

3.5 Aug

3.7

3.9

3.7

3.2 Sept

Oct

Nov

Dec

Jan 21

Feb

Mar Census


New Home Inventory months supply

2020

2021

6.1 5.6

5.6 5.1 4.8

4.8

4.8

4.4 3.9

3.8 3.4

3.2 ene

feb

mar

abr

mayo

jun

jul

3.5 ago

3.7

sept

3.7

oct

nov

dic Census


BUYER DEMAND


“Buyers continued their frenzied pace in March despite limited inventory, with 129 markets recording double-digit showings per listing compared to the previous high of 82 markets in February.” - ShowingTime

Year-Over-Year Increase in Showing Activity 111.3%

U.S.

125.7%

124.1%

Northeast

Midwest

131.9% 109.3%

South

West


Buyer Traffic Index

NAR


INTEREST RATES


2021 2/4

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 2019 1/31

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/3

2018 2/1 3/1

Mortgage Rates Freddie Mac 30-Year Fixed Rate

3.95%

2.98%

Freddie Mac


1/7/2021 2/4 3/4 4/1

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 1/2/2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 1/3/2019 1/31

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/4

1/5/2017 2/2 3/2 3/30 4/27 5/25 6/22 7/20 8/17 9/14 10/12 11/9 12/7 1/4/2018 2/1 3/1

10/6 11/3 12/1

7/7 8/4 9/1

4/7 5/5 6/2

1/7/16 2/4 3/3

30-Year Fixed Rate Mortgages from Freddie Mac

3.97%

2.98%

Freddie Mac


Mortgage Rate Projections Quarter

Freddie Mac

Fannie Mae

MBA

NAR

Average of All Four

2021 3Q

3.3

3.3

3.6

3.2

3.35%

2021 4Q

3.4

3.4

3.7

3.4

3.47%

2022 1Q

3.5

3.5

3.9

3.5

3.60%

2022 2Q

3.6

3.5

4.1

3.5

3.67%


Mortgage Rates 2018 Freddie Mac

- Actual - Projected

2019 30-Year Fixed Rate 2017 2020

2016

2022 2021

2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4

4

3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.2 3.3 3.4 3.5 3.6 3.7 3.8

Freddie Mac


Mortgage Rates

Freddie Mac 30-Year Fixed Rate

Where Are They Going?

3.3

3.4

3.5

3.6

2021 2/4 3/4 4/1

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 1/3 2019

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/3

2018 2/1 3/1

January 2018 – Today Actual Interest Rates 2021 Q3

2021 Q4

2022 Q1

2022 Q2 Freddie Mac


Mortgage Credit Availability YES

NO

MAYBE


Mortgage Credit Availability

Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association Apr 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021 MBA


900

800

Historic Data for the

700

MORTGAGE CREDIT AVAILABILITY INDEX

600

500

(a report from the Mortgage Bankers Association) 400

300

200

100

0

June 2004

June 2005

June 2006

June 2007

June 2008

June 2009

June 2010

June 2011

June 2012

June 2013

June 2014

June 2015

June 2016

June 2017

June 2018

June 2019

June 2020

Mar 2021

MBA


Average Days To Close A Loan

Last 12 Months

58 58 55 54

45

47 47

49

53 52

51

42

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

21-Jan

Feb

Mar

All Closed Loans as per Ellie Mae


® FICO

Score Requirements

Last 12 months

752 753 753 752 751 752 753 751 751 750 749 750

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

Jan 21

Feb

Mar

All Closed Loans as per Ellie Mae


® FICO

Score

39.36%

Distribution

22.39% 16.28%

15.93%

5.78% 0.02%

0.24%

500-549

550-599

600-649

44.71%

650-699

700-749

750-799

800+

All Closed Loans as per Ellie Mae


Average 751

759

® FICO

Score

for Closed Purchase Loans by Loan Type

723 681

All Loans

Conventional

FHA

VA All Closed Loans as per Ellie Mae


Average Back End DTI for Closed Purchase Loans by Loan Type

43 35

35

All Loans*

Conventional

FHA

41

VA All Closed Loans as per Ellie Mae


Housing Market Statistics for Northeast Valley Single Family Homes in Carefree, Cave Creek, Fort McDowell, Fountain Hills, Paradise Valley, Rio Verde and Scottsdale, Arizona


Average Price per Sq Ft

for Sold Northeast Valley Single Family Homes


Average Days on Market

for Sold Northeast Valley Single Family Homes


Number of Active Listings for Northeast Valley Single Family Homes


Average Price per Sq Ft for Active Northeast Valley Listings


CONTACT US TO DISCUSS YOUR LOCAL ARIZONA REAL ESTATE MARKET

Peter Shambreskis, REALTOR®, ABR, CRS, GRI, SFR 480-229-6468 Corinne Howard, REALTOR®, ePRO, GRI, SFR, SRS 480-229-6467 info@ShambreskisAndHoward.com www.ShowScottsdaleHomes.com DPR Realty, LLC

Profile for ShambreskisAndHoward

KCM and DPR Realty May 2021 National and Local Housing Market Update, Shambreskis and Howard  

KCM and DPR Realty May 2021 National and Local Housing Market Update, Peter Shambreskis and Corinne Howard, Arizona Housing Market Update, C...

KCM and DPR Realty May 2021 National and Local Housing Market Update, Shambreskis and Howard  

KCM and DPR Realty May 2021 National and Local Housing Market Update, Peter Shambreskis and Corinne Howard, Arizona Housing Market Update, C...

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