The latest report from Black Knight, Inc, revealed yet another sign of the times as annual home price growth changed from a deceleration to an official decline in July 2022 as the median home price fell 0.77% from June 2022, the ...
Read More »Fannie Mae: Consumers Reporting Housing Market Volatility Concerns
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, the sixth consecutive monthly decline of the index, according to their latest report. Surveyed consumers continue to express pessimism about homebuying conditions, especially in the home-selling segment ...
Read More »Cash-Out Refis Dominate Market, Increasing Risk Level
The latest Mortgage Default Index (MMDI) published by Milliman, Inc., showed that mortgage risk rate continues to increase in the second quarter of 2022 with heavy cash-out refinance volumes weighing on the market. According to Milliman, the default risk for ...
Read More »Home Price Appreciation Surpassed 15% in July
The latest iteration of CoreLogic’s Home Price Index (HPI) for July 2022 showed the annual home price growth rate slowed for the third consecutive month in July yet remained in an elevated state at 15.8%. This comes at a time ...
Read More »Summer Ends Amid Rising Bankruptcies
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its August 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 10% since last year representing 35,276 filings of all types, up ...
Read More »Average Home Now Sells for Less Than Asking Price
For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price as of August 28 in another sign of a housing market cooldown. ...
Read More »FHFA Director Thompson Announces Agency Review
Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson has declared that a top-down review of the agency will begin later this year in order to make sure the Federal Home Loan Banks are positioned to meet the needs of ...
Read More »Young Adults Continuing to Live at Home
For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many of their service-related jobs, drained their savings, and ultimately forced them to ...
Read More »What Impact Do Investors Have on the Housing Market?
Citing recent data from First American Data & Analytics, investor purchases of residential homes as rental properties as a share of all residential home sales, have increased sharply over the course of the last year. This number has risen from ...
Read More »Are Delinquency Numbers Stabilizing?
According to the Philadelphia Federal Reserve Bank, delinquencies and forbearance markets may have begun to flatten out as forbearances have posted about a half-million in mortgages, delinquencies posted numbers of around 2 million, and foreclosure starts hovering around 30,000 per ...
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