It’s no secret that the pandemic threw a wrench in the housing market upending traditional moving and migration patterns as those with the means fled crowded urban areas for the suburbs and beyond seeking less crowded and infected place with ...
Read More »Addressing Housing Instability Via Vouchers and GSE Reform
Industry experts took to Capitol Hill to discuss the state of the housing market and share their insights about how to create equitable housing opportunities for all, nationwide.
Read More »Foreclosure Starts Up in First Half of 2022
ATTOM reports foreclosure activity creeping up over the first six months of the year, rising 153% year-over-year, but down just 1% from pre-pandemic times of just two years ago.
Read More »Mortgage Rate Gains Putting Pressure on Pending-Sale Agreements
Redfin reports that nearly 60,000 home-purchase agreements fell apart in June, as mortgage rates steadily climbed toward the 6%-mark, thus compounding affordability issues.
Read More »House Committee Hosts Panel on Closing the Racial Homeownership Gap
The Federal Reserve estimates that home equity reached a record $27.8 trillion by early 2022, however many Americans were denied this opportunity. A recent House Committee examined why these trends threaten to further increase racial wealth and homeownership gaps.
Read More »On the Horizon: Insights From the JCHS
The Joint Center for Housing Studies at Harvard University takes a look at a few key datapoints, which give a better picture of how the market is faring as we near the year’s halfway point.
Read More »Fed Raises Nominal Interest Rate by 0.75%
Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of inflation since the 80s. To put that another way, this is the ...
Read More »The Week Ahead: Modernizing the Community Reinvestment Act
An Urban Institute webinar next week will bring together representatives of the Federal Reserve, FDIC, and Office of the Comptroller of the Currency to discuss the CRA. Here's what's happening in The Week Ahead.
Read More »Potential Home Sales Decrease on Monthly, Yearly Basis
First American Financial Corporation has released their latest iteration of the proprietary Potential Home Sales Model (PHSM) for April 2022 and found that potential existing-home sales decreased to a 5.74 million seasonally adjusted annualized rate (SAAR), a 3.0% month-over-month decrease. ...
Read More »Single-Family Housing Market Shows Signs of Slowing
Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.
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