Ginnie Mae’s mortgage-backed securities portfolio grew to a whopping $2.49T last month. Read all the details after the link.
Read More »Cash Is King Among Current Real Estate Buyers
“Affluent Americans are the only ones who can avoid the sting of high mortgage rates; plus, they’re spending less on housing and keeping more money in the bank because they’re avoiding interest payments,” said Redfin Senior Economist Sheharyar Bokhari.
Read More »Commercial and Multifamily Loan Originations Plummet
Commercial real estate and multifamily real estate loan originations dropped almost 50% year-over-year during the third quarter of 2023. Click through to find out what else the Mortgage Bankers Association found in their quarterly report.
Read More »October Net New Listing Volume Sharply Down YoY
HouseCanary’s most recent Market Pulse Report notes that market activity—in terms of net new listing volume—remains sharply down year-over-year. Just how much are volumes lagging behind? Click through to find out.
Read More »A Sign of Things to Come? Commercial Bankruptcies Doubled YoY
Total bankruptcy filings increased in October on a yearly basis at a rate of 24%. Click through to read an analysis of the latest data. Could it prove an alarm bell for more widespread economic troubles ahead?
Read More »October Home Prices Hold Steady
Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month. But is the number of homes actively for sale following suit?
Read More »Fed Holds Nominal Interest Rates Steady
The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.
Read More »Zombie Foreclosures Are Still Very Much a Thing
The number of vacant properties sits at well over 1.2 million dwellings amid a serious inventory crunch. Click through to find out what percentage of vacant homes are considered “zombie properties.”
Read More »Real Home Price Index Spikes by Nearly 25% YoY
Find out why First American Chief Economist Mark Fleming says that even household income increases in the past year were “not enough to offset the affordability loss from higher rates and rising nominal prices.”
Read More »Home Prices Increase Over 5% YoY
First American’s Data & Analytics division published a new report that shows home prices have found new highs for the sixth-straight month. Click here to see charts and year-over-year changes of the Home Price Index.
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