Tag Archives: Doug Duncan

Mortgage rates rose slightly this week to 2.88%, still below 3%, with prospective homebuyers snatching up all available inventory.

"You can’t buy what’s not for sale, even if your buying power says you can afford it,” notes First American Chief Economist Mark Fleming on the latest potential existing-home sales report.

A serious dearth of inventory and elevated real estate prices continue to make the prospect of home shopping and homebuying too daunting for a majority of Americans today, ...

With a 6.6% monthly drop-off, sales of new single‐family homes fell in June, as builders continued to feel the squeeze of an uptick in labor and material costs.

In an exclusive chat with MReport, Fannie Mae Chief Economist Doug Duncan dissects the elements creating the supply/demand imbalance in housing, and what solutions may lie ahead to remedy the situation.

A new study gauging consumer sentiment has found that now is the time to sell a home, with short supply and high demand continuing to drive prices upward.

A new survey finds mortgage lenders a bit more wary in their profit margin outlook, as purchase demand remains strong despite a reduction in refis.

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions.

Supply and demand issues continue to worry prospective homebuyers, as an unhealthy imbalance persists in the housing marketplace.

This Wednesday, the 2021 Government Forum, a one-day virtual event from The Five Star Institute, will bring together representatives from government and the mortgage space for an open forum to tackle the industry’s most pressing issues.