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Mortgage Delinquency Rate Up Slightly from Last Year

Mortgage Delinquency Rate Up Slightly from Last Year

by Phil Hall | Nov 8, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The delinquency rate for mortgage loans on one-to-four-unit residential properties totaled 3.92% of all loans outstanding by the end of the third quarter of 2024, according to data from the Mortgage Bankers Association (MBA). The delinquency rate was down 5 basis...
Two New Partnerships Designed to Expand Homeownership Among Tribal Communities

Two New Partnerships Designed to Expand Homeownership Among Tribal Communities

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae (OTCQB: FNMA), Freddie Mac (OTCQB: FMCC), and the Federal Home Loan Banks (FHLBanks) to expand awareness and liquidity for homeownership across tribal communities....
California Housing Affordability Improved Slightly in Q3

California Housing Affordability Improved Slightly in Q3

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 16% of the California’s homebuyers could afford to purchase a median-priced, existing single-family home during the third quarter. But according to the California Association of Realtors’ (CAR) Traditional Housing Affordability Index, this is a mild...
NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains

NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 90% of metro markets (196 out of 226, or 87%) recorded home price gains during the third quarter, with 7% of these metros recording double-digit gains, according to the National Association of Realtors (NAR). Compared to one year ago, the national median...
Consumer Confidence in Housing Market on the Rise

Consumer Confidence in Housing Market on the Rise

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Consumer confidence in the housing market rose to its highest level since February 2022, according to the latest data from the Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index. The October HPSI increased by 0.7 points to 74.6. The full index is up 9.7 points...
Home Sales and Listings Up in Southern Nevada

Home Sales and Listings Up in Southern Nevada

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Southern Nevada housing market recorded growing levels of home sales and new listings during October, according to data from Las Vegas Realtors. A total of 2,458 existing homes, condos and townhomes were sold in October, up 12.9% year-over-year for homes and up...
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