News

Owners of properties participating in multifamily-assisted housing programs can now apply for reimbursement of costs for property improvements and other measures taken to protect residents from pandemic-related issues.

The latest market report from Fannie Mae revealed a possible economic slowdown in coming months, which would reduce housing demand even further. Meanwhile experts predict prices and rents may stabilize or even fall in some markets within the new year.

CoreLogic’s latest Home Price Index report delves into which regions are spiking the highest, and what factors are in play.

A new report from the Casualty Actuarial Society takes a closer look at catastrophe models in measuring the effects of wildfire mitigation on homeowners and communities nationwide.

“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.

In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.

The National Association of Realtors’ latest Pending Home Sales Index showed transactions sliding by 31% year-over-year. Contract signings also pulled back in all four major U.S. regions, with inflated mortgage rates continuing to hinder homebuyers from purchasing a home.

“The above analysis clearly indicates a property in flood zones sells for less and appreciates slower over time than a similar property outside flood zones, given everything else is equal, in Miami,” according to CoreLogic's report.

“The pandemic-driven wave of relocation to suburbs and rural areas—which tend to lean more conservative than city centers—made those toss-up places more diverse,” said Taylor Marr, Redfin’s Deputy Chief Economist.