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Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
“Today, the spread between 30-year mortgage rates and 10-year Treasury yield is at historically high levels,” the trade groups warned. Continue Reading Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy
Lawrence Yun added that the Federal Reserve needs to reconsider its fiscal policy as quickly as possible. Continue Reading NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy
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Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022
Source: ATTOM --- IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged residential...
CFPB Loses Key IMB Redlining Case
Feb. 3, 2023 (Staff Writer) — Earlier today, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act (ECOA) does not extend to prospective applicants under a plain language reading of the...
Think the housing market is bad? It’s even worse for affordable housing builders
Source: Deseret News --- The U.S. housing market is in the midst of a painful contraction after 2022 brought a volatile end to about two boiling hot years. It’s tough news — especially for homebuilders — as demand dries up and prices flatline or even begin to drop....
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