“There have been a handful of pieces of relatively good news for the housing market lately, but we’re far from out of the woods,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Congressional Panel Hears Testimony on the Homeownership Gap
A recent House Financial Services Committee hearing featured testimony from a number of housing experts who weighed in on the topic housing supply shortfalls and offered possible solutions.
Read More »Record Amount of Sellers Delisting Homes
Redfin is reporting that a record number of sellers are taking their properties off the market. Click through to find out how many sellers are taking this route.
Read More »Affordability will be Driving Housing Market Force in 2023
"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.
Read More »Southern U.S. Less Vulnerable to Q3 Housing Market Declines
ATTOM data has found that Mid-Atlantic states, California, and Illinois were more vulnerable to housing market declines in the third quarter.
Read More »FHFA Details Q3 Home Price Increases
“House prices were flat for the third quarter but continued to remain above levels from a year ago,” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics.
Read More »Mortgage Rates Fall for Third Consecutive Week
Riding the hopes that the Federal Reserve will slow its pace of rate hikes, Freddie Mac reported that the 30-year, fixed-rate mortgage fell yet again, as house prices soften with 2022 coming to a close.
Read More »Report Examines Barriers Standing in the Way of Black Homeownership
“It is the sacred duty of community leaders, policy makers, and financial industry specialists to lift communities so that all children can thrive and grow up with opportunities for good health, wealth, and happiness in their lives,” said NAREB President Lydia Pope.
Read More »FHA Raises 2023 Loan Limits in Response to Home Prices
The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.
Read More »Mortgage Apps Dip Slightly Week-Over-Week
After two weeks of increases in overall mortgage application volume, a holiday-shortened week found volume slipping slightly, despite the 30-year fixed mortgage rate dropping to 6.49%.
Read More »