The housing market in 2023 was brutal. Mortgage approvals and home sales hit a 30-year low as mortgage rates soared and housing inventory dwindled. But according to new data from ICE Mortgage Technology, a record number of first-time homebuyers took out conventional loans last year despite the slowdown. In all, just 4.3 million mortgages were…
The post ICE: First-time Homebuyers Made Up 55% of Agency Purchase Loans in 2023 Despite Market Slowdown appeared first on RISMedia.
