News

As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline since 2013.

According to the GSE, in 2021 Freddie Mac’s Single-Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refi loans.

A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.

Black Knight’s first look at month-end data for October 2022 found prepayment activity reaching a new low.

Those looking to flip homes for the best return should look near certain grocery stores which have been proven to raise nearby home values.

A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.

The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.

Residential mortgages issued in Q3 of 2022 were down nearly 19% from an estimated 2.4 million in Q2, while the volume of loans in Q3 also dipped 22% from $820 billion in the prior quarter.

A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.

For the first time, Fannie Mae has released an outlook for 2024 which predicts a modest improvement over 2023, in which the market should bottom out during the second quarter.