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Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
The housing market recession could be bottoming out. What does it mean for home prices?
Source: Fortune --- Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to “reset” the U.S. housing market, which had turned into a buyer’s nightmare during the pandemic. Of course, spiking mortgage rates wouldn’t magically...
As rates rise and expectations shift, more sellers dropping asking prices
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 asking...
Real estate, rents continue to climb as housing crunch continues
Source: AZPM --- Housing of all types has gotten pricier in Tucson since the COVID-19 pandemic. On the real estate market, home prices have gone up 50 percent in the past two years, while rents have gone up by a third. "You're seeing a lot of people who are coming in...
7 regulation and compliance issues facing the mortgage industry
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 the...
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