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Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates

Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates

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

The latest data analysis of the Home Purchase Sentiment Index (HPSI) published by Fannie Mae (OTCMKTS:FNMA) suggests households have become acclimated to higher mortgage rates. The HPSI decreased 0.9 points in March to 71.9, its first decline since November 2023, with...
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

by Phil Hall | Apr 3, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Millennials and baby boomers are the dominant forces in the U.S. housing market, according to the National Association of Realtors’ (NAR) newly published “2024 Home Buyers and Sellers Generational Trends Report.” Millennial buyers accounted for 38% of buyers, the...
Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

by Phil Hall | Mar 27, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Budge Huskey, the president and CEO of Premier Sotheby’s International Realty, has issued an eight-point statement that challenges assumptions raised the mainstream media about the $418 million settlement announced by the National Association of Realtors (NAR)....
What’s Driving Today’s Homebuyers: Price or Location?

What’s Driving Today’s Homebuyers: Price or Location?

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

Today’s homebuyers place more emphasis on the property’s price rather than its location, according to a new survey released by Coldwell Banker Real Estate, an Anywhere (NYSE: HOUS) brand. In a nationwide poll of 4,213 Americans, 56% of respondents cited price as being...
Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

by Phil Hall | Feb 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
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