Starter Homes Not as Cheap as they Used to be
According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic. Source: DS News
Mortgage Rate-Lock Tipping Point Hits 5% Threshold
The mortgage rate tipping point that has been identified as the rate which will allow homeowners to move has advanced above 5%, as a Zillow report found those above this [...]
Analyzing Climate Risk in the Home Search Process
According to Redfin, nearly half of U.S. residents who moved in the last year believe the frequency of weather events will likely impact home values in their area in the [...]
Former Senior CFPB Attorney Launches New Firm
ormer CFPB Senior Counsel Colgate Selden partners with Alan Lindeke to bring a combined 40-plus years of senior legal, risk, compliance, and executive leadership roles to new law firm. Source: [...]
Pending Home Sales Rise for the First Time in Four Months
NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month. Source: DS News
Ginnie Mae Highlights Its ESG Strategy Impact on MBS
New webpage provides details on Ginnie Mae’s Environmental, Social, and Governance (ESG) strategy, with a focus on the environmental and social impacts its MBS program offers to investors. Source: DS [...]
Banking Regulators Seek Comment on Rules to Strengthen Capital Requirements
The OCC, Treasury Department, Federal Reserve, and FDIC have jointly issued a proposal to modify large bank capital requirements to better reflect underlying risks, and increase the consistency of how [...]
Relocating Homebuyers Targeting Sin City
In a study on Q2 migration nationwide, Redfin reports the typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco, or Seattle. Source: [...]
Fed No Longer Predicts Near-Term Recession—Industry Experts Respond
More commentary has come through focusing on the real estate market along with news that the Fed is no longer predicting a recession in the near future. Source: DS News