The Federal Housing Finance Agency has announced the acceptance of membership applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing to discuss a wide range of housing topics, including fair lending, fair housing, civil rights, single- and multifamily lending, and community advocacy.
Read More »Examining Discrimination, Financial Barriers in the Homebuying Process
Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »Return-to-Work Mandates Motivating Home Sellers to Relocate
According to a new Redfin study, while nearly one in five homeowners surveyed plan to sell their home in the next year, new jobs and return-to-work mandates are forcing some to sell their home quickly, and at a loss.
Read More »New Builds Offer Renters More Options Amid Competitive Market
Midwest markets were a hot spot for renters seeking more affordability during peak rental season, dominating the top half of the nation's 20 most competitive rental markets. Renters now have more options to choose from, as the national supply of apartments experienced a slight increase compared to the same time last year, according to a new RentCafe study.
Read More »Number of Underwater Properties Decreased in Q2
In CoreLogic's Homeowner Equity Insights report, in the second quarter of 2023, the total number of mortgaged residential properties with negative equity decreased by 6% from the first quarter of 2023, representing 1.1 million homes, or 2% of all mortgaged properties.
Read More »Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.
Read More »Recognizing 15 Years of GSE Conservatorship
September marks the fifteenth anniversary of Fannie Mae and Freddie Mac being placed into conservatorship by the FHFA at the height of the Great Financial Crisis, and continues to show no signs of ending, according to a new Q&A from industry veteran Don Layton.
Read More »San Francisco Homes Being Sold for Nearly $100k Below Purchase Price
Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who took a loss while selling sold their home for roughly $100,000 less than they bought it for.
Read More »Housing Market Activity Slowed by Fed Rate Hikes
HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.
Read More »HUD Reveals Updated Fair Market Rents, $113M in Housing Vouchers
The U.S. Department of Housing and Urban Development announced a 12% increase in Fair Market Rents across the U.S., in addition to making $113 million available in Housing Choice Vouchers to public housing agencies to help families meet rising housing costs.
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