Purchase volume in 2024 week 43 was up 15% YoY and down 35% from the same week in 2019. The median purchase rate increased from 6.375% to 6.50% in week 43, 2024. This is down 1.25 ppts. from the series peak in week 43, 2023 and down 0.625 ppts. from week 18, 2024.
Authors
- Pages
- 53
- Published in
- United States of America
Table of Contents
- Edward Pinto Co-Director and Senior Fellow 1
- Sissi Li Senior Data and Analytics Manager 1
- AEI Housing Market Indicators An Introduction 2
- Market Shares by Guarantor Type and Price Tier 2023 Purchase Loans 3
- What are the AEI Housing Market Indicators 4
- What are the AEI Housing Market Indicators cont. 5
- Indicators and Data 6
- Housing Abundance Success Sequence 7
- HMI Key Takeaways 8
- Purchase Activity and HPA Outlook Given Headwinds 9
- Year-over-Year YoY HPA in September 2024 Remains Robust at 4.2 10
- Home Price Appreciation December 2024 YoY HPA Projection 11
- Home Price Appreciation by Price Tier 12
- Year-over-Year Home Price Appreciation HPA by Metro 60 Largest 13
- Inverse Relationship Between Year-over-Year HPA and Supply in the Largest 60 Metros 14
- Housing Inventory and Months Supply 15
- GSEs Large Lender Market Share and Relative Risk Share Refi Loans 16
- FHA Large Lender Market Share and Relative Risk Share Refi Loans 17
- HUDs Housing Misfire When Bureaucrats Know Better Than Markets 18
- Avoiding Californias Path to Sky High Costs and Lights Out Policies 19
- Stressed National Mortgage Default Rate NMDR for Agency Home Purchase Loans 20
- Average Total and Housing Debt-to-Income DTI for Purchase Loans 21
- Builders Response to Rising Rates Mortgage Rate Buydowns 22
- Builders Response to Rising Rates Mortgage Rate Buydowns Contd 23
- The Use of Temporary Mortgage Rate Buydowns Has Passed Its Peak 24
- Rate Buydowns by Builders Have Helped Sustain New Home Prices 25
- GSE Use of Appraisal Waivers 26
- GSE Use of Appraisal Waivers Contd 27
- Registration 13 Annual Housing Conference 28
- Upcoming Briefing Dates for 2024 2025 29
- National Mortgage Default Rate NMDR A Quick Primer 31
- Stressed Default Rates Home Purchase Loans 32
- Risk Bucket Credit Score CLTV Total DTI Default Rate 32
- The Stressed Mortgage Default Rate MDR 33
- A Quarter Century of Mortgage Risk FHFA and AEI Housing Center Publish First-of- its-Kind Comprehensive Dataset Covering 1990-2019 34
- Historical Stressed Mortgage Default Rates SMDR 35
- Stressed MDRs are Highly Correlated to Post-Financial Crisis Default Rates 36
- Comparing the MRI and the new Stressed MDR 37
- Comparing the MRI and the new Stressed MDR cont. 38
- Comparing NMDR to Other Quantitative Purchase Loan Mortgage Risk Indices 39
- AEI-Davis et al. National Mortgage Default Risk MBA Mortgage Credit Availability Index MCAI 39
- Urban Institute Housing Credit Availability Index HCAI 39
- Comparison of the Three Quantitative Purchase Loan Mortgage Risk Indices 40
- Price Tier Methodology 41
- House Price Appreciation HPA Index A Quick Primer 42
- Home Sales Methodology 43
- Repeat-Sales Home Price Index Overview 44
- New Construction NC Identification Methodology 45
- AEI-adjusted Land Prices and Land Shares Methodology 46
- AEI Market Indicator Nowcast using Optimal Blue Data 47
- Purchase Year-over-Year Change MBA Optimal Blue OB NMDR 48
- House Price Appreciation HPA Trend Comparison 49
- List of Abbreviations 50
- Term Description 50
- List of Abbreviations contd 51
- Term Description 51
- List of Abbreviations contd 52
- Term Description 52
- List of Abbreviations contd 53
- Term Description 53
