Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.

For the first time in 15 months, the Federal Reserve's Federal Open Market Committee moved to hold the nominal interest rate steady at a range of 5.00% to 5.25%.

Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.

A new Fannie Mae Perspectives Blog surveyed a wide range of individuals on what “living the good life” means, as 86% of respondents cite homeownership as one of the key factors in their overall happiness.

Foreclosure starts increased 4 % over April 2023, while completed foreclosures increased 38%.

The NAR says the market needs an additional 320,000 new home listings valued at no more than $256,000 so that borrowers earning below $75,000 can get into the market.

Freddie Mac’s new mortgage product, HeritageOne, is meant to drive affordable financing options for single-family properties on tribal lands and rural areas in addition to financial counseling.

First quarter home equity decreased by 0.7% year-over-year, the first such decline since early 2012. Click through for more.

According to a newly released survey by Fannie Mae, affordability constraints have consumers increasingly convinced that it is a seller’s market, while high prices leave buyers with a bleak outlook.

“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place in 2023,” said Jiayi Xu, an economist for Realtor.com.