The Consumer Financial Protection Bureau has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages,” since it is illegal for debt collectors to sue or even threaten to sue to collect on these debts past the statute of limitations or in other illegal fashions.
Read More »Director Thompson Sets Record Straight on Mortgage Pricing Fees
Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson has released a new statement addressing the pricing framework of Fannie Mae and Freddie Mac.
Read More »Single-Family Home Sales Jumped 9.6% in March
According to new residential sales statistics from U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new single-family home sales rose to a seasonally adjusted annualized rate of 683,000.
Read More »Case-Shiller Reports 2% Gain in February
The latest S&P Dow Jones Indices (S&P DJI) CoreLogic Case-Shiller Indices revealed for February a modest increase in the components of the reports even though eight of the 20 major metropolitan areas saw a decrease in prices.
Read More »March Marks 14th Consecutive Month of Slowing Rent Growth
Despite a gradual slowdown in annual rent growth, concerns about affordability remain nationwide as the median asking rent in the 50 largest metros analyzed increased, while Realtor.com's March 2023 Rental Report revealed a tight labor market could keep rent prices high.
Read More »Millennials Bought More Homes Than Other Generations Last Year
About 30% of 25-year-olds owned their own home in 2022, higher than the 27% rate of the previous generation.
Read More »Fannie Mae Forecasts Stronger Q1 GDP Growth Following Bank Failures
According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.
Read More »Atlanta Ranked Most-Desired City by Renters Nationwide
As the spring season brings out more renters looking for apartments, a new report from RentCafe revealed that Atlanta leads as the most in-demand city, while popular metros like Denver and Manhattan are close behind.
Read More »Homebuyers Experience Less Competition as Home Prices Slide
"Compared to last year, there's a lot to like about this housing market, including lower prices and less competition for available listings," said Nick Bailey, RE/MAX President and CEO. "Although it would be good to see more new listings coming onto the market, the current conditions offer potential for home buyers and sellers alike."
Read More »Nearly $17B Reportedly Lost Annually From Severe Storms
CoreLogic’s latest analysis of straight-line winds, tornadoes, hail, and severe thunderstorms has found that storms in 2022 accounted for an average annual loss of more than $17 billion, with hail damage accounting for more than $11 billion of those losses.
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