New Black Knight data takes a look at "the largest quarterly decline [in newly acquired equity] on record by dollar value and the largest since 2009 on a percentage basis.”
Read More »Newly Built Homes Making Up Increasing Market Share
Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high for any Q3 on record.
Read More »Rep. Waters Expresses Housing Concerns Over Fed Rate Hikes
In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.
Read More »GSE Income Falls YoY in Q3
With both Freddie Mac and Fannie Mae reporting their Q3 financials, click through to read the details and get insights from each GSE’s CEO.
Read More »Chapter 13 Bankruptcies Post 27% Increase YoY
“With inflation increasing the costs of goods and services, and with interest rates rising, families and businesses have been presented with tough financial decisions,” said ABI Executive Director Amy Quackenboss.
Read More »Real Estate Agents’ Long-Term Career Sentiment Dips
A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are the keys to early success.
Read More »Consumers Report Continued Housing Market Pessimism
A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.
Read More »Ravi Shankar to Head Freddie Mac’s Single-Family Portfolio, Servicing
Industry vet returns to the GSE, responsible for portfolio management, servicing, and operations and technology for Freddie Mac.
Read More »98% of Markets Reported Declining Home Prices
"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.
Read More »Share of Black, Asian American Homebuyers Decreases YoY
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.
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