News

While the Real House Price Index found that home prices, and therefore affordability, decreased across the country, median household income has increased 4.1% since January 2022.

While real estate investors bought up a large number of homes during the pandemic, a new report from Redfin revealed investors purchased 48.6% fewer homes in Q1 of 2023 than a year earlier, outpacing a 41% drop in overall home purchases.

In order to assist struggling borrowers amid an erratic mortgage rate environment, the FHA has proposed a plan to assist borrowers through temporary reductions to monthly mortgage payments for up to five years.

As many Americans are leaving their hometown in search of more affordable areas, elevated mortgage rates and a shortage of inventory continue to deter U.S. homebuyers, as overall home sales dropped 22% from a year earlier in April.

The Latest S&P CoreLogic Case-Shiller Index found that the national index posted a 1.3% increase in March 2023 over the previous month.

Click through to learn more about what the change means in context, and how it relates to the current debt-ceiling discussions.

Implementation of rules changes will increase transparency for Ginnie Mae’s global investors by enhancing data flow with its issuers.

Home prices are falling by double digits in popular metros like the Bay Area and rising by double digits in South Florida cities like Miami, according to Redfin.

Mortgage insurers reported that over one million borrowers utilized low down payment programs in order to secure a mortgage for a home; about 97% of these purchases helped people buy new homes and first-time buyers get into one.

NAR’s latest report reveals pending home sales were down across the U.S. on a year-over-year basis. Click through to find out what else the report revealed.