Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.
Read More »Metros Struck by Hurricane Ian Showing Home Sales Resiliency
Redfin reports that home listings and home sales have bounced back in Florida towns hit by Hurricane Ian last fall, a storm that caused between $41 billion and $70 billion in damage to the area.
Read More »HAF Assistance Protects 300,000-Plus Homeowners From Foreclosure
At the close of Q1 2023, Homeowner Assistance Fund programs made roughly $3.7 billion in payments to more than 318,000 homeowners at risk of foreclosure–a 50% increase over Q4 2022.
Read More »Ginnie Mae Unveils New Loan-Level LMI Disclosures for USDA-RHS Loans
"These additional disclosures highlight a uniquely impactful portion of our business and enable investors to measure and potentially expand their impact across these communities," said Sam Valverde, Principal EVP of Ginnie Mae.
Read More »How Economic Shifts Are Impacting the Single-Family Rental Market
From February 2020 to May 2022, investor purchases of single-family homes grew to 20.4% nationwide, but the investor share fell to 16.2% over the past year, as evolving market conditions continue to fuel a decline in investor participation.
Read More »Nationwide Supply of Low-Cost Rentals Down in Every State
As rental demand heightens, the overall supply of low-rent units has fallen by 3.9 million over the last decade due to rent increases in existing units, building condemnations, and demolitions, according to the latest Joint Center for Housing Studies State of the Nation Housing report.
Read More »Podcast Spotlight: Unpacking the State of the Servicing Space
In a recent episode of SitusAMC's On the Hill podcast, host Tim Rood sat down with Five Star Institute Lifetime Achievement Award Wes Iseley of Carrington Holding Company to discuss his 40-year career, his role with Carrington, and his outlook for the housing industry.
Read More »Scarce Housing Inventory Ignites Bidding Wars
“The lack of supply is making it feel almost like 2021 all over again, but higher rates mean bidding wars are happening more in the $500,000 range than the $700,000 range because people can afford less,” said Redfin Agent Jeremy Lucas.
Read More »Investors Measure the Toll of Climate Change on Miami Property Values
New research from CoreLogic indicates that both large and small real estate investors are aware of risks of natural disasters in the red-hot Miami region, where annual storm surges continue to threaten human safety and properties.
Read More »Using Mortgage Reserves to Help Narrow the Black-White Homeownership Gap
New research from FHLBank San Francisco and the Urban Institute investigates ways to reduce mortgage default risk for vulnerable homeowners by utilizing mortgage reserve accounts that could help homeowners overcome temporary hardships, which would benefit Black families, who are more than twice as likely as white families to lose their home to foreclosure.
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