Senate Banking Committee Chair Sharrod Brown recently held a hearing to discuss the future of the National Flood Insurance Program, featuring a panel of experts highlighting the many repercussions of an expiration in the program.
Read More »Dip in Rates Brings Resurgence in Bidding Wars
Redfin’s latest analysis of homebuyer trends has found that bidding wars are heating up as mortgage rates have dipped and the nation’s housing supply remains strained.
Read More »Pending Sales Push Past 8% in December
On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »December Home Sales Fall Over 6% YoY
Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.
Read More »Ginnie Mae’s MBS Portfolio Surpasses $2.5T
December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.
Read More »Trade Groups Push for FY 2024 Funding of FHA and Ginnie Mae
Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.
Read More »Pending Home Sales Level Off in November
NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.
Read More »Housing Market Snapshot: The Year Ahead
The National Association of Realtors' latest forecast predicts a modest bump in existing-home sales while annual median home prices should remain relatively flat—something that bodes well for affordability.
Read More »Pending Sales Dropped in all Regions YoY
Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand for homes on the sidelines, you can't buy what's not for sale, even if you can afford it.”
Read More »Outlook: Real Estate—Especially Commercial—On the Cusp of Revitalization
Commercial real estate looks to be on the leading edge of revitalization, according to comments made by Lawrence Yun, the Chief Economist for the National Association of Realtors. Read on to see what he’s predicting for the months ahead.
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