Top Headlines
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
New Report Links Housing to Good Health in Maine
Nearly 2,700 people are considered homeless in Maine. Continue Reading New Report Links Housing to Good Health in Maine
U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
The new report cited concerns over crime as fueling the fencing market. Continue Reading U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
The caucus is backed by several prominent housing trade organizations. Continue Reading Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
Shawn Malhotra Joins Rocket Companies as Chief Technology Officer
Malhotra previously held several technology leadership roles at Thomson Reuters. Continue Reading Shawn Malhotra Joins Rocket Companies as Chief Technology Officer
Share of New Home Sales Backed by FHA Loans Reaches 14-Year Low
Source: NAHB --- NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since...
Mortgage Rates Moving LOWER After Fed Hikes by 0.75%
Source: Mortgage News Daily --- The Federal Reserve concluded one of its 8 regularly scheduled meetings in 2022 today. As expected, they announced a rate hike of 0.75%. But if you still think that means mortgage rates moved higher, think again. In fact, if you're not...
Questions to expect from mortgage lenders
Source: Bankrate --- In the mortgage application process, mortgage lenders assess their risk and collect proof that the borrower can and will repay the loan in a timely manner. This proof includes everything from your credit and how much money you earn to your...
30-year mortgage refinance rates plunge three quarters of a point
Source: Fox Business --- What this means: Mortgage refinance rates fell significantly today, with 30-year rates hitting their lowest levels in 34 days. Rates for 20-, 15- and 10-year refinances are also at their lowest levels since the beginning of the month. With the...
Repeat After Me: The Fed Doesn’t Directly Hike/Cut Mortgage Rates
Source: Mortgage News Daily --- Some quick housekeeping before we dig into the headline: mortgage rates are slightly higher so far this week. The increases were in place on Monday. Tuesday started stronger, but most lenders pulled back to Monday's levels after bonds...
GET A LAND LOAN OR CONSTRUCTION LOAN: WHICH IS BEST?
Source: RisMedia --- Are you interested in building your own home? It is an exciting proposition because you get to pick and choose everything that goes into the process from the ground up. You don’t have to worry that a builder is going to tell you that you’re not...
Home price growth slowed for the second straight month in May, S&P Case-Shiller says
Source: CNBC --- Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage...
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
Economic calendar: What’s driving mortgage rates the week of July 25-29
Source: Bankrate --- Mortgage rates are notoriously unpredictable. True to form, no one is quite sure how rates will respond to this week’s looming rate hike by the Federal Reserve. On Wednesday, the central bank’s Federal Open Market Committee wraps up a July meeting...
Mortgage and real estate news this week: A home as an inflation hedge, and how to get the best rate
Source: Bankrate --- Now is a challenging time to buy a home due to rampant inflation, but you may still consider making a home purchase, which could help soften the toll of inflation on your financial life in the years ahead. Meanwhile, learn more about the pros and...
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