Daily Dose

A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.

Industry vet returns to the GSE, responsible for portfolio management, servicing, and operations and technology for Freddie Mac.

"Based on our findings, the shift to a more balanced market is still in its early stages. We expect that this much-needed reset will persist through much of 2023, and although prices will again begin to rebound they likely won't return to their peaks for the foreseeable future," said Sean Black, Knock Co-Founder and CEO.

In a continued commitment to combat the effects of climate change, HUD has allocated $1.447 billion in grants to communities nationwide impacted by natural disasters in 2021.

As inflation and limited inventory continues to affect buying power of homebuyers, the greatest impact was felt by Black and Asian Americans, as figures for both declined an overall 6% according to the National Association of Realtors.

An upcoming Five Star webinar, presented by Selene Title, will tackle the topic of title and its critical role in the single-family rental, build-for-rent, and bulk transaction marketplaces. Click through to learn more and register to attend this event.

"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM.

Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.

According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families had about $150,000 in wealth.

In a letter to FTC Chair Lina Khan, Sen. Sherrod Brown urges the Commission to examine whether proprietary rental pricing algorithms may be hurting competition, in violation of antitrust laws.