In another new sign of the times, roughly 64,000 home-purchase agreements fell through in August 2022 according to Redfin, a number equal to 15.2% of all homes that ...
Read More »HUD Issues 19,000-Plus Housing Vouchers
Marking the most expansive allocation of flexible rental assistance in nearly 20 years, HUD Secretary Marcia L. Fudge has delivered more than 19,000 new Housing Choice Vouchers nationwide.
Read More »New Home Purchase Apps Rebound in August
The MBA reports that new home purchase applications were down year-over-year in August but made a comeback after four consecutive months of declines.
Read More »Elevated Purchase Demand Fueling Housing Market Potential
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022. The Potential Home Sales Model measures what the ...
Read More »Tumultuous Economic Conditions on Horizon After Recent Fed Move
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and ...
Read More »Mortgage Rates Price Homebuyers Out of Market
According to Redfin's latest market analysis, some 44.6% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in August, the lowest bidding-war ...
Read More »CFPB Explores Ways to Shape Future Policy Initiatives
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to ...
Read More »Homebuyer Affordability Inches Upward in August
Homebuyer affordability improved for the third consecutive month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July. This is ...
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »CFPB Annual Report Reveals Significant Increase in Home Purchase Loans
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of ...
Read More »