AEI Housing Market Nowcast
The AEI Housing Center is providing a near-real time Housing Market Nowcast during the coronavirus (COVID-19) era. Released every other Tuesday, the Housing Market Nowcast will provide insights on:
– house prices,
– credit underwriting standards,
– purchase and refinance origination trends,
– cash out amounts,
– housing market indicators for states and different metros, and
– much more.
What is the significance
The Housing Market Nowcast is possible thanks to newly acquired data from Optimal Blue, a rate lock software provider with roughly a third market coverage.
After extensive historical analysis of Optimal Blue data going back 7 years, we have concluded that these rate lock data track closely those reported in our National Mortgage Risk Index (NMRI), which cover 99% of the agency market.[1] As a result, today’s Housing Market Nowcast will provide an advance look at tomorrow’s housing market as today’s rate locks will become next month’s home purchases and mortgages.
Most Recent Housing Market Nowcast
AEI housing market nowcast — weeks of November 7–November 20, 2020
Previous Reports
Special Nowcasts
| November 2020 | Bostonians on the Move |
| October 2020 | New Yorkers on the Move |
| June 2020 | Americans on the Move |
Questions
Questions about the Housing Market Nowcast should be directed to Edward Pinto ([email protected]) or Tobias Peter ([email protected]).
[1] While not all rate locks will be originated or the Optimal Blue data cover the entire market, our analysis of the data has found them to be instructive as the changes over short time periods provide a useful signpost for what’s to come. While Optimal Blue data are used, Edward Pinto and Tobias Peter are solely responsible for the analysis contained herein.
