The FHFA calls it a necessary step toward Fannie Mae and Freddie Mac's fiscally responsible exit from government oversight, but a former Freddie executive disagrees.
Read More »How Many Borrowers Can’t Afford Their Mortgage?
The number of people who struggle pay their mortgage or rent is increasing, according to Harvard’s Joint Center for Housing. Watch how much here.
Read More »Price Gap Widens Between Priciest, Most Affordable Metros
According to a new report issued on Friday, home price appreciation rates are disparate between the nation’s most and least expensive cities—and that gap is only widening. While 16 percent of U.S. markets have seen housing prices jump 40 percent since the year 2000, another 30 percent of cities actually saw prices decline over the same period. Despite the discrepancy, nominal prices rose in 97 out of the nation’s 100 biggest metro areas last year due to high demand and tightening supply. As a result, affordability is on the downslope across the nation; an estimated 19 million households spent more than half of their income on housing.
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