Inventory Crunch Improves, Yet Still Remains Major Housing Hurdle
While home prices rose annually, a surprising uptick in price-reduced homes from August to September reflects last year's trend and offers some relief amid ongoing affordability concerns. Source: DS News
Growing Apartment Supply Contributes to Easing of Nationwide Rental Costs
Nationwide, Redfin found that asking rents rose just 0.4% year-over-year to an average of $2,011 in September, as an increasing supply in recent years has flooded the market with inventory. [...]
Texans Reporting an Increase in Hailstorm Events
According to Verisk, severe hail events occurred 18% more frequently in the first half of 2023 than the prior three years, with eight of the top 10 metro areas reporting [...]
Fannie Mae Announces Sale of Non-Performing Loans
As part of the GSE’s effort to reduce the size of its retained mortgage portfolio, Fannie Mae has sold two pools comprised of 1,500-plus loans totaling more than $235 million [...]
Circuit Court Exceeds Authority by Rewriting Terms of Mortgage
Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and [...]
New Home Price Insights for August 2023
CoreLogic’s latest Home Price Index covering the month of August found that numbers are beginning to rebound after hitting an 11-year low earlier this spring. Source: DS News
Oral Arguments Begin in Constitutionality Case Against the CFPB
The U.S. Supreme Court heard opening arguments challenging the constitutionality of the Bureau’s funding through the Federal Reserve. Source: DS News
Affordability Surpasses Inventory as Top Housing Industry Concern
NAR polled more than 176,000 executives and senior management officials at real estate firms, and found that housing affordability has left fewer buyers able to purchase a home due to [...]
Sagent Extends Partnership With Click n’ Close
New five-year extension will enable Click n’ Close to power its entire enterprise mortgage servicing ecosystem with Sagent’s suite of cloud-based platforms. Source: DS News