“In recent years, housing inventory constraints and home-price appreciation have resulted in rising average loan balances for single-family homeownership. Yet, financing lower balance loans is an essential way for the mortgage industry to facilitate access to affordable, lower-valued homes,” said MBA’s VP of Industry Analysis Marina Walsh, CMB.
Read More »Federal Open Market Committee Holds Steady
The Committee will continue to assess additional information and its implications for monetary policy at future meetings with an inflationary goal of 2%.
Read More »County-Level Data: Not All Are Safe From Price Declines
“We continue to see pockets of the U.S. housing market where the foundation is a bit shakier—or more solid—than others, based on important quarterly metrics,” said Rob Barber, CEO at ATTOM.
Read More »Market Approaching Historical ‘Best Time to Buy’
Although mortgage rates remain above 7%, the first week of October has historically been the best time to buy a home due to a drop in demand and reduced home prices.
Read More »Home Price Gains Find New Vigor
“Annual home price growth regained momentum in July, which mostly reflects strong appreciation from earlier this year,” said Selma Hepp, Chief Economist for CoreLogic.
Read More »Mortgage Activity Falls as Rates Rise to Two-Decade Highs
"August was another rough month for mortgage borrowers from an interest rate perspective," said Andy Walden, VP of Enterprise Research and Strategy at Black Knight, now a part of ICE.
Read More »Digitalization and the Need for a National Zoning Atlas
Efforts to use this digitized data for urban development must also keep in mind how this sort of data has been used historically. A new post from David Luberoff, Deputy Director of the Joint Center for Housing Studies at Harvard University, dives into the concept.
Read More »Generation Z Feeling Crunch of Affordability Concerns
“The worsening housing affordability crisis has an outsized impact on Gen Zers and millennials because they’re much less likely to own a home than older generations,” said Redfin Chief Economist Daryl Fairweather.
Read More »As Mortgage Rates Reach New Highs, Consumer Sentiment Shifts
“Mortgage rates once again breached the 7% mark in August, hitting a 22-year high and doing no favors for consumer sentiment,” said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Average New Mortgage Payments up 60% in Last Two Years
"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.
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