"In our view, the balance still suggests a modest recession, particularly if the Federal Reserve maintains its focus on labor market tightness,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »DOJ Agrees to $31M Redlining Settlement With City National Bank
Through this latest agreement, the Justice Department’s Combating Redlining Initiative has secured more than $75 million dollars in relief for communities that have suffered from lending discrimination.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »Seasonal Cooling Cures Some Affordability Problems
The share of homes that sold above their list price also fell to levels last seen in June 2020.
Read More »Q4 2022 Report Examines Mortgage Market Opportunities
As mortgage volume continues to decline, Sales Boomerang’s latest Q4 2022 Mortgage Market Opportunities Report highlights areas of opportunity still available for loan originators.
Read More »Median Existing-Home Price for All Housing Types Increased in December
“Home prices nationwide are still positive, though mildly,” said NAR Chief Economist Lawrence Yun. “Markets in roughly half of the country are likely to offer potential buyers discounted prices compared to last year.”
Read More »New Listings Wane as Homes Linger on Market
The RE/MAX National Housing Report revealed new listings recorded the largest month-to-month decline in December 2022, while markets with the biggest decrease in year-over-year new listing percentages were found in Sunbelt cities such as Las Vegas and Los Angeles.
Read More »A Unique Market Calls for an Innovative Approach
Content marketing is no longer a fad, and Alayna Gardner of LodeStar explains why lenders and service providers need to hone their own content.
Read More »Home Purchase Mortgage Apps Fell Nearly 30% in December
Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.
Read More »Senior Home Equity Exceeds Record $11.8T
The National Reverse Mortgage Lenders Association and RiskSpan Reverse Mortgage Market Index hit a record high of 413.22, while senior housing wealth grew by nearly $226 billion in Q3 of 2022.
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