“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.
Read More »FHFA Announces Enhanced Payment Deferral Policies for Borrowers
For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six months of mortgage payments.
Read More »Baby Boomers Now Make Up Nearly 40% of Homebuyers Nationwide
The share of baby boomers across the U.S. now makes up 39% of homebuyers, the most of any generation and an increase from nearly 30% in 2022, according to a new report from the National Association of Realtors.
Read More »Trend of Declining Home Prices Continued in January
“2023 began as 2022 had ended, with U.S. home prices falling for the seventh consecutive month,” says Craig J. Lazzara, Managing Director at S&P DJI.
Read More »Overall Mortgage Delinquencies Up 36K in February
According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.
Read More »U.S. Housing Market Descend From Pandemic-Era Boom
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs.
Read More »What Is Driving the Sun Belt Boom?
Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%.
Read More »Fannie Mae Pushes Back Predicted Recession
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.
Read More »Homeownership Rate for Single Women Declines in 2022
For the first time in six years, the trend of female homeownership rates for young, single women declined in 2022, according to a new Zillow report.
Read More »Home Flipping Still Profitable; More Popular Too
The number of flips by small and large investors alike hit its highest level in over 15 years.
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