The ranking Member of the Housing, Community Development, and Insurance Subcommittee on the House Financial Services Committee, as well as nine other Republican committee members, drafted a letter urging further oversight of Fannie Mae and Freddie Mac activities.
Read More »Median Rental Price Hits New High for 16th Consecutive Month
Despite the U.S. median rental price reaching a new high in June, climbing mortgage rates drove monthly starter homeownership costs up nearly 30%—an estimated $561 higher than rents.
Read More »Homebuyer Competition Plummets
Nationwide, nearly 50% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June, according to a new report from Redfin. That’s the lowest share since May 2020 and the first time the bidding-war rate ...
Read More »Rent Growth Eases, Less-Expensive Metros Experience Smallest Decline in Sales
Home shoppers are finding more options to choose from, more time to make decisions and even price cuts in some areas, according to Zillow's latest market report. That's largely because intensifying affordability challenges are thinning competition from a crowded field ...
Read More »Reduced Competition, Declining Home Prices Help Calm Market
According to a new report from Redfin, the median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10. Sellers’ asking prices also came down 3% from their May peak ...
Read More »Housing Supply Rises for First Time in Nearly Three Years
The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019 —according to a new report from Redfin. Supply has built up as the combination of 5.5%-plus mortgage rates, high home prices and ...
Read More »Ginnie Mae MBS Monthly Issuance Reaches $46B in June
Against the backdrop of one of the toughest housing markets in history, Ginnie Mae helped support affordable homeownership and rental unit development for more than 164,000 households in June.
Read More »Competitive Housing Market Remains Uphill Slog for Many
Buyers continue to experience a competitive environment, as ongoing inventory shortage and affordability are restricting many from purchasing.
Read More »Fannie Mae’s Single-Family Green MBS Issuance Tops $1B
The growth of the Single-Family Green Mortgage-Backed Securities program highlights the GSE’s continued commitment to achieving positive environmental, social, and economic outcomes.
Read More »Bankruptcy Update: How Are Consumers Weathering ‘Market Turbulence?’
Total bankruptcy filings dropped 15% in first half of 2022 over last year, despite tightening credit markets and elevated prices due to inflation.
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