Newly Built Homes Making Up Increasing Market Share
Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high [...]
Rep. Waters Expresses Housing Concerns Over Fed Rate Hikes
In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing [...]
GSE Income Falls YoY in Q3
With both Freddie Mac and Fannie Mae reporting their Q3 financials, click through to read the details and get insights from each GSE’s CEO. Source: DS News
Chapter 13 Bankruptcies Post 27% Increase YoY
“With inflation increasing the costs of goods and services, and with interest rates rising, families and businesses have been presented with tough financial decisions,” said ABI Executive Director Amy Quackenboss. [...]
Real Estate Agents’ Long-Term Career Sentiment Dips
A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are [...]
Consumers Report Continued Housing Market Pessimism
A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history. Source: DS News
Ravi Shankar to Head Freddie Mac’s Single-Family Portfolio, Servicing
Industry vet returns to the GSE, responsible for portfolio management, servicing, and operations and technology for Freddie Mac. Source: DS News
98% of Markets Reported Declining Home Prices
"Based on our findings, the shift to a more balanced market is still in its early stages. We expect that this much-needed reset will persist through much of 2023, and [...]
HUD Earmarks $1.4B-Plus for Disaster Recovery
In a continued commitment to combat the effects of climate change, HUD has allocated $1.447 billion in grants to communities nationwide impacted by natural disasters in 2021. Source: DS News