Fed Raises Rates by a Quarter Point
The ninth consecutive interest rate increase signaled that the Fed is barreling forward, combating elevated interest rates amid a unstable market and economic turmoil caused by the failure of SVB [...]
Nearly 11 Million Payments Made to Save Americans at Risk of Eviction
At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes. Source: [...]
Risky Fire Practices Decreasing Nationwide
The Hartford Home Fire Index, published by The Hartford, a property and casualty insurance provider, has released its third index tracking the probability of home fires in the top 150 [...]
Home Prices Fall, Ending 131 Months of Growth
“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant. Source: DS [...]
Annual Rent Growth Slows to Nearly Two-Year Low
January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%, while Orlando, Florida posted the country’s largest annual gain [...]
Flagstar Bank Acquires Certain Assets From Signature Bridge Bank
The transaction includes the purchase of certain loan portfolios from Signature Bridge Bank totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar. Source: DS News
Forbearance Rate Falls Across All Investor Types in February
The MBA reports that servicers’ portfolio volume in February dropped four basis points to 0.60% month-over-month, as approximately 300,000 homeowners nationwide remain in forbearance plans. Source: DS News
Options Exist for Environmentally Conscious Homeseekers to Go Green
Going green is all the rage; be it to reduce your carbon footprint, increase the efficiency of your home, or just be a better global citizen, Americans across the country [...]
U.S. Median Sales Price Experiences Modest Increase
According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines. Source: DS News