U.S. Housing Market
Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Ginnie Mae added that its financing benefited approximately 1.4 million households, out of which an estimated 43.9% were first-time homeowners. Continue Reading Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Virginia Home Sales Up 7.3% in December
Virginia’s median sales price was $415,000, up $1,510 from last year for an increase of less than 1%. Continue Reading Virginia Home Sales Up 7.3% in December
CrossCountry Mortgage Raises Its Agency Conforming Loan Limits
CCM’s announcement comes months ahead of the Federal Housing Finance Agency’s official 2026 announcement. Continue Reading CrossCountry Mortgage Raises Its Agency Conforming Loan Limits
$48 Million Beverly Hills Estate Topped August’s List of Most Expensive Home Sales
All 10 of the homes sold for over $25 million and the top two sold for more than $40 million. Continue Reading $48 Million Beverly Hills Estate Topped August’s List of Most Expensive Home Sales
New Home Sales Surge by 20.5%
The median sales price of new houses sold last month was $413,500. Continue Reading New Home Sales Surge by 20.5%
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Approximately 7.8 million homes are susceptible to storm surge flooding. Continue Reading CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. Continue Reading Q1 Mortgage Origination Activity at 23-Year Low
Realtor.com: Home Price Growth Slowest on Record
The median list price grew to $441,000 in May, up from $430,000 in April but down by 1.7% from June 2022’s record high of $449,000. Continue Reading Realtor.com: Home Price Growth Slowest on Record
Planet Home Lending Acquires Platinum Home Mortgage Corp.
The financial terms of the acquisition were not disclosed. Continue Reading Planet Home Lending Acquires Platinum Home Mortgage Corp.
Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values
“Inventory is at roughly two thirds the levels it was pre-pandemic,” Kelman said. Continue Reading Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values
Mortgage Application Activity Continues to Decline
There was less interest from borrowers for purchase loans and refinancing. Continue Reading Mortgage Application Activity Continues to Decline
GOP Governors Call on Biden to Rescind LLPA Changes
“Only the Biden administration would think it can solve a supply issue by subsidizing demand and bad credit,” said Missouri Gov. Mike Parson. Continue Reading GOP Governors Call on Biden to Rescind LLPA Changes
Q1 Investor Home Purchases Plummet 49% Year-Over-Year
Investors were responsible for buying 17.6% of the homes for sale in the metros tracked by Redfin. Continue Reading Q1 Investor Home Purchases Plummet 49% Year-Over-Year
New Survey Finds Too-High Levels of Homebuyer Remorse
And 95% of sellers said they have regrets about their selling experience. Continue Reading New Survey Finds Too-High Levels of Homebuyer Remorse
SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
To finance the fund, SouthState allocated $10 million that will be drawn from over a three-year period. Continue Reading SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
