As Prices Rise, Homes Staying on the Market Longer
With costs continuing to rise and buyers increasingly priced out of their local markets, a Redfin report examines how long houses are remaining up for sale before purchase as a [...]
Katie Jones Tapped to Lead HR at Fannie Mae
Experienced human resources executive joins GSE to attract, retain, engage, and develop talent. The post Katie Jones Tapped to Lead HR at Fannie Mae appeared first on DSNews. Source: DS [...]
Second-Home Sales Up 200% During Pandemic
While the pandemic caused many people to reassess their living situations as the virus began ravaging the country during the first quarter of 2020, many made hard decisions, some went [...]
Median Rental Price Hits New High for 16th Consecutive Month
Despite the U.S. median rental price reaching a new high in June, climbing mortgage rates drove monthly starter homeownership costs up nearly 30%—an estimated $561 higher than rents. The post [...]
Fannie Mae Revises Housing Outlook, Adjusts Recessionary Predictions
The confluence of market forces that are currently weighing on the market is shaking up long-term forecasts. Here’s why Fannie Mae Chief Economist Doug Duncan thinks “it’s unlikely the economy [...]
FHFA Office to Focus on Fintech
By founding the Office of Financial Technology, the Agency will address emerging risks related to the adoption and deployment of financial technology in housing finance. The post FHFA Office to [...]
First Mortgage Default Rate at Highest Level Since September 2020
Credit rating agency Experian, along with the S&P Dow Jones Indices, has released its latest monthly iteration of its Consumer Credit Default Indices Report for June 2022 which aims to [...]
Homebuyer Competition Plummets
Nationwide, nearly 50% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June, according to a new report from Redfin. That’s the lowest share [...]
Five Months of Existing-Home Sales Declines
For the fifth consecutive month, existing-home sales dropped as three of the four major geographic regions of the country experienced month-over-month declines. On a yearly basis, sales sank in all [...]