According to the Federal Housing Finance Agency, a new report revealed that appraisers underutilize time adjustments for local house price growth, but what does this mean for the industry?
Read More »‘House Poor’ Homeowners Continue to Face Affordability Challenges
The share of homeowners that are considered “house poor” has risen above 30%, according to a new study from Creditnews, as housing affordability remains a challenge for American households nationwide.
Read More »U.S. Delinquency Rate Ticked Up in November
A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.
Read More »Pending Home Sales Surge, But Closed Sales Lag Behind
In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.
Read More »U.S. Price Growth Hampered by ‘Below Normal’ Demand
While seasonal price trends typically place downward pressure on rents throughout the fall and winter, it may be no surprise that rents dropped in November, according to a new Rent. report. Asking rents have declined year-over-year in three of the last four months.
Read More »Fannie Mae: Inflation to Blame for Weakening Homebuyer Sentiment?
With rising inflation intensifying U.S. housing costs, Fannie Mae's Home Purchase Sentiment Index showed a record number of consumers believe it’s a bad time to buy a home, further hampering those looking to achieve the American dream.
Read More »Study: Where Is Homebuying More Affordable Than Renting?
Nationwide, the typical home costs 25% more to buy than rent, according to a new report from Redfin. Click here to see which major metro areas topped the list of places where mortgage costs are lower than estimated monthly rental costs.
Read More »Scarce Listings Lead to Few, But Fast-Paced Home Sales
With fewer homes selling than usual this spring, new listings remain sparse, according to a new report from Redfin, resulting in homes being snatched off the market sooner as homebuyers are left with limited options to choose from.
Read More »Mortgage Rates Remain Relatively Steep Compared to Record Lows
Nationwide, the average payment on a new mortgage is now $2,317 a month, according to a report from LendingTree, with monthly mortgage payments the most expensive in Hawaii, California, and Massachusetts.
Read More »CFPB Issues Revised Version of Prime Offer Rate Methodology
The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average rates for purposes of federal mortgage rules.
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