News

Credit availability fell to its lowest level since March 2013 in September, as reports show credit tightening for the seventh consecutive month.

“Over the last two months, the impact of major increases in mortgage rates and inflation have finally been realized in the slowing rate of home price appreciation. It is once again clear that home prices are not impervious to the broader economic conditions around the country,” noted Steve Gaenzler, SVP of Products, Data and Analytics for homegenius Real Estate.

The number of climate-disaster damage is on the rise according to WalletHub's latest market report. The report examines which states are most impacted by natural disasters, with Hurricane Ian now projected to have done as much as $57 billion in damage to Florida and South Carolina.

New annual allowance from the GSE will assist in the development of housing and workforce housing units to expand the affordable housing supply initiative nationwide.

New data from Black Knight, Inc. has found that most mortgages have a rate below 5%, which reflects current drops in refinance activity, as well as cash-out and rate/term locks.

Paul C. Hammann joins Agents National Title as Pacific Northwest Agency Manager and the company also names Kara Elgin as Central States Underwriting Counsel.

According to Fannie Mae's Home Purchase Index, the percentage of Americans that believe now is a good time to buy a home decreased alongside those who expect mortgage rates to go down in the next year. Meanwhile, the percentage who say it is a bad time to buy increased to 75%.

Walmart-based mortgage branches, powered by Lenders One members, will offer prospective homebuyers access to mortgage origination solutions within their local communities.

While home prices remain elevated due to low supply, mortgage rates shot up to a 15-year high resulting in homebuyers losing nearly 30% of their purchasing power since rates reached their lowest point in 2021.

More and more young adults are shattering misconceptions about modular and manufactured housing as many pursue these options to secure housing in an otherwise unaffordable market.