Source: Scotsman Guide — The latest Real House Price Index (RHPI) report from First American Financial Corp. offered further confirmation that affordability is one of the U.S. housing market’s biggest issues. The RHPI, which measures the price changes of...
Source: Fortune — As summer kicks off, everything is heating up. Everything, it seems, except the housing market. Following a blistering two year tear, real estate firm Redfin is reporting big drops in demand and price cuts becoming the norm in many of the...
Source: Redfin — More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike. The median asking price of newly listed homes is down 1.5% from the all-time high it reached in the spring, and a...
Source: Scotsman Guide — With affordability hovering around all-time lows and buyer activity on the decline, more and more home sellers are recalibrating their expectations and adjusting their asking prices, according to a new report from Redfin. The median...
Source: National Mortgage News — From a debate on credit scoring models to a CFPB warning to servicers about their handling of Homeowner Assistance funds, there’s no shortage of developments at the federal level that stand to impact every day dealings in...
Source: Daily Mail — Families could be offered mortgages of 50 years or more that can be passed between generations under plans being considered by Boris Johnson. Lenders will be encouraged to let buyers borrow over terms lasting five decades or even longer so...
Hits and Misses for the Real Estate Week of June 15-19
