Rates Cool, Balance Returning to Housing Market
Sellers are dropping their prices at a record rate, while mortgage rates drop following months of increases, offering a sense of relief for potential homebuyers. The post Rates Cool, Balance [...]
FHFA Provides Foreclosure, Refi, REO Updates
Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 million homeowners with foreclosure prevention actions. Here’s what the GSEs’ latest data reveals. The [...]
Roughly 81% of Consumers Believe Economy Is on ‘Wrong Track’
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 3.4 points in June to 64.8, its second-lowest reading in a decade, according to their latest report. Surveyed consumers continue to [...]
New Fee May Affect Fannie Mae, Freddie Mac’s Single Security
One of the most effective reforms to Fannie Mae and Freddie Mac during their 14 years in conservatorship was the 2019 introduction of the Uniform Mortgage Backed Security (UMBS), a [...]
As Boomers Age Out, How Will Housing Inventory Be Impacted?
With the oldest generation gradually aging out of their homes, will the inventory freed up provide relief for younger generations searching for their own path to homeownership? The post As [...]
Home Renovations: A Time-Sensitive Proposition
A survey of 1,000 U.S. homeowners has found that more than half polled believe that their home improvement and home renovation projects will take longer than originally estimated. The post [...]
Austin Rents Skyrocket Nearly 50% YoY
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May —rising 15% year-over-year to a record high of $2,002— according to a [...]
Home Price Growth Slows in Largest U.S. Housing Markets
Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, looking at recent cooling of annual rate of home price appreciation and the intertwined [...]
Institutional Buyers Accounted for 13% of Residential Sales in 2021
An examination of institutional home buyers by NAR found that this segment of buyers comprised 13.2% of the nation’s residential property sales in 2021, up from 11.8% in 2020. The [...]