Daily Dose

Beginning his two-year term on January 1, Larry Thompson will assume the role of Board Chair of the Congressionally chartered, wholesale bank that is part of the Federal Home Loan Bank System.

Home values in Opportunity Zones tend to roughly match broader home prices. Find out what that means for the roughly 3,500 Opportunity Zones throughout the country.

"Younger homebuyers—mostly Gen Z and Millennials—are especially into the idea of rental income as a key factor in their home buying decisions," said Zillow Senior Population Scientist Manny Garcia.

More home sellers are offering concessions to draw in buyers, in part fueling purchase activity, which jumped nearly 40% in October compared to a year ago. Read the full breakdown of data in the MBA’s latest Builder Application Survey.

J.D. Power’s latest U.S. Mortgage Origination Satisfaction Study examined a number of factors, including communication, digital channels, and level of trust, to gauge customer service levels. Which lender took the top ranking this year?

As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.

While homeowners continue to gain equity and remain increasingly excited to do so, TD Bank’s 2023 Home Equity Trend Watch survey revealed that nearly 40% of homeowners who plan to renovate their home in the next two years are using or plan to use a HELOC for their upcoming home projects.

“These high interest rates have had a great impact on the U.S.’ overall economic performance,” said National Association of Realtors Chief Economist Lawrence Yun. “Statistically, this is much better than the historical average, but if we look at this component, there are some worrying signs in the economy.”

While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.

The FHFA has reduced the multifamily loan purchase caps for Fannie Mae and Freddie Mac in 2024, continuing a commitment to address the need for affordable rental housing nationwide.