As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.
Read More »Climate Risk Takes Center Stage at FHFA Forum
FHFA recently hosted the Fall 2023 Econ Summit, an exchange of ideas on climate change and insurance; land use and risk modeling; and the impact of disaster risk on home prices.
Read More »Poll: Property Flippers Feel the Market Improved in Q3
A new survey has found that fix-and-flip investors and rental property owners cite a high-mortgage-rate market and limited inventory as their biggest challenges, but insurance costs and coverage are growing concerns as 2024 begins.
Read More »Record Office-to-Apartment Conversions Expected in 2024
A prominent trend in renowned U.S. metros like Washington, D.C., New York, and Dallas, a new report revealed the conversion of office buildings into living spaces is projected to surge to a new record high in 2024, having more than quadrupled in the past four years.
Read More »Schneiderman & Sherman Expands Into the Land of 10,000 Lakes
Michigan-based law firm opens new office in St. Paul, Minnesota to expand its mission as an advocate for the mortgage servicing community.
Read More »Pending Home Sales Make Biggest Jump in Two Years
Month-over-month, pending home sales rose 4%, the biggest increase in over two years. A new report breaks down the latest, including the resurgence of bidding wars.
Read More »Bipartisan Tax Bill Introduced to Boost Affordable Housing
Senate Finance Committee Chair Ron Wyden and House Ways and Means Committee Chair Jason Smith have announced bipartisan framework that promotes the financial security of working families, and expands affordable housing by enhancing the Low-Income Housing Tax Credit.
Read More »December Home Sales Fall Over 6% YoY
Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.
Read More »Running the Numbers
For its most recent cover story, MortgagePoint assembled a panel of economists to forecast the top trends and headwinds they expect to define the housing market in 2024.
Read More »Gen Z Buyers Stand a Better Chance in the South, Midwest
Like the generation that precedes them, members of Gen Z are concerned about affordability, according to a new Point2 study, which revealed the cities and regions where the youngest Americans have the best chance of achieving homeownership.
Read More »