2023 Renovate/Repair Spending to Pull Back; Still to Top $45B
The amount consumers are set to spend on home renovations or repairs is set to pull back for the first time in a few years. Click through for more. Source: [...]
Housing Activity to be Limited by Rates, Home Prices
"There are economic signals pointing to recession but also signs that a 'soft landing' may be in the offing," said Doug Duncan, SVP and Chief Economist for Fannie Mae. Source: [...]
Debt, Inflation Restricting Millennials from Homebuying
With 80% of millennial homebuyers in debt, a new study from Real Estate Witch revealed an estimated 92% of millennials said inflation has significantly impacted their homebuying plans, as many [...]
The Tools and the Talent
Travis McGee of ECI Software Solutions details why tech-savvy technicians are critical when it comes to prepping foreclosed homes. Source: DS News
Existing-Home Sales Experience Slight Dip in December
A new report from the National Association of Realtors revealed home sales waned nearly 2% from November and 34% from one year ago, while the median existing-home sales price climbed [...]
HUD to Adjust Affirmatively Further Fair Housing Rules
The rule expands upon HUD’s previous policy, implementing opportunities for transparency and accountability while bolstering economic equity for American families. Source: DS News
GSEs Update Single-Family Pricing Framework
Fannie Mae and Freddie Mac have changed their upfront fee structure to strengthen their safety and soundness by enhancing their ability to improve their capital position over time. Source: DS [...]
Nearly 17K Homes Suffer Damage From Southern Tornado Path in January
CoreLogic estimates that hail, straight-line winds, and tornadoes from a January 12 tornado outbreak inflicted an estimated $4.5 billion worth of damage to homes in the Southeastern portion of the [...]
Don’t Wait for Regulations
This piece originally appeared in the January 2023 edition of DS News magazine, online now. The United States is becoming increasingly multilingual. The U.S. Census Bureau estimates that in 2019, more than 67 [...]