Before their spring meeting, the Federal Open Market Committee moved to hold interest rates steady. Click through for commentary on the news.
Read More »Year-End Report Shows Sellers Made More Than $100k in Profit
Generating a 56.5% return on their homes, sellers are still making quite a profit on their homes, but that number has dropped for the first time since 2011.
Read More »Freddie Mac Multifamily on Track to Exceed Affordable Housing Goals
“In 2023, Freddie Mac Multifamily was proud to again surpass our ambitious affordable housing goals, despite significant headwinds facing the overall market,” said Kevin Palmer, Head of Multifamily for Freddie Mac.
Read More »Real Estate Investor Activity Remains Above Pre-Pandemic Highs
While the investor buyer share has remained near pandemic-era highs, net buying—the gap between their buying and selling of homes—was lower than during the peak.
Read More »New CFPB Rule Cracks Down on Junk Fees
“Banks should be competing to provide better products at lower costs, not innovating to impose extra fees for no value. The CFPB will continue to rid the market of junk fees today and prevent new junk fees from emerging in the future,” said CFPB Director Rohit Chopra.
Read More »Renters Made Big Moves in 2023
It should be no surprise that renters in California and New York were the most likely to move cities and states, looking for more affordable accommodations that still allowed them to telecommute to work.
Read More »2022 Price-to-Income Ratios Reached All-Time Highs in These Cities
Home prices compared to incomes have been rising since before the pandemic, but they really took off after the Federal Reserve began hiking interest rates in 2022. Here’s which markets are feeling the strain the most.
Read More »Housing Supply Up; Active Listings Up MoM
“We’re definitely seeing an uptick in activity from both buyers and sellers,” said Abby Alwan, a Redfin Premier real estate agent in Austin. A new report breaks down the shifts currently happening in the housing market.
Read More »Low-Rate Environment to Thaw Mortgage Lock-In Effect?
Doug Duncan, Fannie Mae SVP and Chief Economist, forecasts positive things for 2024. But here’s why rates “still have a significant way to go in order to meaningfully reduce the ‘lock-in effect.’”
Read More »Affordability, Inventory Still Weighing on Gen Z
“Housing affordability remains strained, but things are looking up for Gen Z,” said Redfin Chief Economist Daryl Fairweather.
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