While rent prices remain historically high despite a slight increase in year-over-year price growth, Single-Family Rental inventory surged in Q3 compared to the previous year, according to a new study from HouseCanary. Here are the details.
Read More »Ginnie Mae Portfolio Netted $15B in Growth During October
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 »Number of Consumers Seeking Delinquent Mortgage Counseling Surges YoY
A new report explores the drastic increase of consumers in search of delinquent mortgage counseling, which skyrocketed in 2023 compared to the previous year. Click though to read how once-manageable levels of unsecured debt have abruptly become unmanageable for many homeowners.
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 »Fannie Mae: Inflation to Blame for Weakening Homebuyer Sentiment?
With rising inflation intensifying U.S. housing costs, Fannie Mae's Home Purchase Sentiment Index showed a record number of consumers believe it’s a bad time to buy a home, further hampering those looking to achieve the American dream.
Read More »Achieving Homeownership: Which Generations Are Struggling to Leave the Nest?
A new RentCafe report unveiled the affordability challenges of buying a home for younger generations. Just how many millennials and Gen Zers don't plan to move out anytime soon? Click through to find out.
Read More »Purchase Applications Wane as Housing Affordability Reaches 39-Year Low
According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.
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 »Homebuyers Finding Relief in Home Price Drops
Redfin reports that many home sellers are getting just two or three offers as opposed to the 20 that were common at the pinnacle of the market. Find out what percentage of homes for sale posted a price drop during the past month.
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