Sellers are dropping their prices at a record rate, while mortgage rates drop following months of increases, offering a sense of relief for potential homebuyers.
Read More »Roughly 81% of Consumers Believe Economy Is on ‘Wrong Track’
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 3.4 points in June to 64.8, its second-lowest reading in a decade, according to their latest report. Surveyed consumers continue to express pessimism about homebuying conditions, with only 20% of respondents ...
Read More »New Fee May Affect Fannie Mae, Freddie Mac’s Single Security
One of the most effective reforms to Fannie Mae and Freddie Mac during their 14 years in conservatorship was the 2019 introduction of the Uniform Mortgage Backed Security (UMBS), a single security backed by mortgages guaranteed by either or both ...
Read More »Austin Rents Skyrocket Nearly 50% YoY
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May —rising 15% year-over-year to a record high of $2,002— according to a new report from Redfin. That’s on par with April’s annual ...
Read More »Home Price Growth Slows in Largest U.S. Housing Markets
Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, looking at recent cooling of annual rate of home price appreciation and the intertwined impacts of both affordability and inventory on those trends. According ...
Read More »Slowdown in Price Appreciation Continues, Downshift Expected
As Americans continue to be confused by the storm of seemingly contradictory news, data, and forecasts on the housing market’s future, consumers are still witnessing record monthly price increases, and inventories continue to record never-before-seen lows, a seeming positive for ...
Read More »CFPB Issues Rule Affirming States’ Ability to Protect Residents
The Bureau clarified that states have the flexibility to preserve fair and competitive credit-reporting markets by enacting state-level laws stricter than the Fair Credit Reporting Act, which does not stop states from enacting laws tackling problems related to medical debt, tenant screening, and other consumer risks.
Read More »National Home Price Q2 Gains Exceed 20%
CoreLogic analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022. Though U.S. home price growth relaxed slightly in May from April, it remained in double digits year over year for the ...
Read More »CoreLogic Unveils New Discovery Platform
CoreLogic has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry’s first integrated property identifier, CoreLogic’s CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. ...
Read More »Ginnie Mae/Fed Bank of Chicago Program Reaches MBS Milestone
With the Mortgage Partnership Finance Program having surpassed $3 billion in mortgage-backed securities issuance, Ginnie Mae President Alanna McCargo noted that "the milestone demonstrates [the program’s] value in the marketplace.
Read More »