Buyers gravitating toward more affordable regions.
The West Coast no longer dominates as buyers gravitate toward more affordable regions (median list prices lower than $299,000).
HOTTEST Real Estate Markets in the U.S.1
Hottest markets = those with the most listing views and fewest median days on market.
Listings Are Getting Snatched Up FAST 2
Housing Inventory Expands in June
Although monthly sales decreased, new home sales were 7% higher in the first six months of 2018 than they were during the same period in 2017.
Despite Tight Inventory, Loan Applications Are Increasing5
Purchase Originations Make Up 71% of Closed Loans6
In a competitive market, pre-approval is crucial to give buyers a fighting chance. Need help convincing your clients about the importance of getting pre-approved before they start homeshopping? We're happy to assist!
 Realtor.com®, Market Hotness Index, June 2018.
 Realtor.com, Real Estate Trends, June 2018.
 National Association of Realtors® (NAR), Existing-Home Sales, June 2018.
 U.S. Census Bureau, Monthly New Residential Sales, June 2018.
 Ellie Mae® Second Quarter 2018 Results.
 Ellie Mae Origination Insight Report, June 2018.
This letter is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Program rates, terms and conditions are subject to change at any time.