Home Prices Propped up by Lack of Inventory
DECK: Muddled macroeconomic data most likely points to recession, but current housing market dynamics continue to be fueled by the lack of existing homes for sale. Source: DS News
Southern Consumers Facing Higher Interest Rates
The CFPB has issued a pair of reports looking at the state of banking in the Southern United States, and found that a lack of local access to banking options [...]
Rents in Western Metros Cooling Faster Than Other Regions
The median rent in the West remains 3% lower than a year ago and is projected to decline further, while rents in Midwest markets continue to see faster growth due [...]
Potential Home Savings Driving More Californians to Texas
An estimated 300 people a day moved from California to Texas in 2021, and the popular migration route is becoming even more crowded, according to a new analysis from StorageCafe. [...]
HUD Establishes Independent Office of Manufactured Housing
HUD’s new office will administer the Department’s Manufactured Home Construction and Safety Standards, a code that establishes standards for the design and construction of manufactured homes to assure quality, durability, [...]
Serious Delinquencies Continue to Improve in May
Black Knight reports that during the month of May, past-due mortgages approached recent record lows as the number of borrowers a single payment past due improved by 94,000. Source: DS [...]
Forecast Update: Home Prices Now Expected to Decline Slightly
Realtor.com has updated their forecast for the year, now saying mortgage rates could drop to 6% by the year’s end, but inventory woes are not likely to improve and could [...]
Mid-June Thunderstorms Bring $8.7B in Property Damage Nationwide
CoreLogic estimates recent thunderstorm activity brought strong straight-line winds and tornadoes, causing substantial damage to property across the U.S., with areas reporting wind speeds in excess of 100 miles per [...]
Fannie Mae Executes CIRT Transactions on $26.6B of Single-Family Loans
"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets. Source: DS [...]