Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.
Read More »Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
Despite economic conditions, a new report from TD Bank has revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as 54% of respondents said their level of financial preparedness has improved over the last two years.
Read More »Ginnie Mae MBS Portfolio Expands to $2.3T
Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS ...
Read More »Fannie Mae Details Latest Sale of Non-Performing Loans
Fannie Mae has announced the deal in efforts to downsize its mortgage portfolios, including the company's twentieth Community Impact Pool.
Read More »Record Share of Homebuyers Looking to Relocate
The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a ...
Read More »Consumer Celebrity Knowledge Outpaces Understanding of Real Estate Basics
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more about celebrity love lives, the Kardashians, and the NFL than ...
Read More »Closed Sales Slip in Q1 from 2021
Home prices across the United States rose in Q1 at an annualized rate of 12.8%, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company. The Radian HPI also ...
Read More »Doug Jorgenson Joins Incenter as Business Development Consultant
Incenter LLC has announced that Doug Jorgenson has joined the company as a Consultant with the Enterprise Business Development team. In his new role, he will meet with C-level executives at top servicers, discuss their opportunities and challenges, and introduce ...
Read More »Rising Rates Create Stressful Environment for Aspiring Homeowners
HouseCanary, Inc. has released its latest Market Pulse report, — a continuous review of proprietary data and insights from Housing Canary — covering 22 listing-originated metrics and comparing data between April 2021 and April 2022. New housing inventory remained negative in the ...
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