November home sales dropped from October levels, posting the lowest median sales price in eight months, according to the RE/MAX National Housing Report for November 2023. The report revealed the...
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Cooling Home Values Boost Affordability
Mortgage rates are falling from a 23-year high, offering some relief for home shoppers and sellers nationwide, according to Zillow's November 2023 Housing Market Report. The analysis shows monthly costs...
Read More »Inventory Inches Up as New Listings Soften
Seasonal declines in home sales and new listings softened in October, according to a new RE/MAX report, while inventory grew for a seventh consecutive month across the 53 metro areas...
Read More »Investors Purchased $36B Worth of U.S. Homes in Q3
Redfin reports that investor purchases of U.S. homes dropped 29.7% year-over-year in Q3, as investors nationwide purchased 48,667 homes—the lowest level of any Q3 since 2016. By comparison, overall home...
Read More »Zombie Foreclosures Are Still Very Much a Thing
Just in time for the Halloween holiday, ATTOM Data, released its fourth-quarter 2023 Vacant Property and Zombie Foreclosure Report which showed that zombie foreclosures are very much still a thing...
Read More »Fannie Mae Reports $4.7B in Q3 Net Income
...45% were for first-time homebuyers, and approximately 45,000 single-family refinance loans during Q3. Fannie Mae financed approximately 159,000 units of multifamily rental housing in the third quarter of 2023, a...
Read More »Independent Mortgage Banks Report Q2 Losses
An important segment of the lending market, independent mortgage banks (IMBs)—which includes mortgage subsidiaries of charted banks—reported a pre-tax net loss of $534 on each loan they originated during the...
Read More »Nationwide Supply of Low-Cost Rentals Down in Every State
As housing demand for homes remain slim, the overall supply of low-cost rentals fell by 3.9 million units over the last decade, according to the Joint Center for Housing Studies...
Read More »Investor Home Purchases Fell a Record 49% YoY in Q1
As elevated interest rates, declining rents and housing values ate into potential profits for many, new data revealed real estate investors purchased 48.6% fewer homes in Q1 of 2023 than...
Read More »First Look: Delinquencies Spike After Setting Record Low in March
Black Knight has issued their latest “first-look” at April 2023’s month-end mortgage performance statistics which overall found that the delinquency rate spiked 13% more than the record low set in...
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