U.S. Housing Market
FHFA Allows Fannie and Freddie to Invest Further in LIHTC Properties
Mortgage Bankers Association President and CEO Bob Broeksmit welcomed the announcement shortly after it was released. Continue Reading FHFA Allows Fannie and Freddie to Invest Further in LIHTC Properties
ATTOM Debuts Self-Service Data Platform
“With ATTOM Nexus, we’ve created a best-in-class experience,” said ATTOM’s Todd Teta. Continue Reading ATTOM Debuts Self-Service Data Platform
Homeownership Expenses Consume One-Third of National Average Wage
Nationwide, the typical $2,021 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes is down 0.7% quarterly. Continue Reading Homeownership Expenses Consume One-Third of National Average Wage
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
The bill passed unanimously in both houses of the legislature. Continue Reading Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
MV Realty is permanently banned from doing business in Minnesota. Continue Reading Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Black millennials are trying to close the gap in homeownership
Source: AFRO.com --- Millennial buyers are the primary driver of Black homeownership in the U.S. Housing market right now. Many are leaving rental life behind to purchase their first home or investment property in pursuit of having equity and building wealth....
Cash still king as nearly a third of homebuyers spurn costly mortgages
Source: Inman --- All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin.
There’s an unusual thing happening in the housing market
Source: Bloomberg --- It’s no secret that the US housing market has been softening as interest rates rise at the fastest pace in decades. Higher mortgage rates mean the dramatic growth in home prices that we’ve seen over the past two years is beginning to slow. Sales...
The Housing Recession Is Coming
Source: The Ringer --- While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the most rate-sensitive sector of the economy—which is...
Behind on your mortgage? 6 ways to catch up
Source: Bankrate --- With interest rates rising in an effort to curb inflation and recession fears escalating, you may find yourself worrying about what happens if you fall behind on your mortgage. The percentage of mortgages 30 or more days delinquent but not in...
These housing markets are ‘significantly overvalued,’ may see prices fall up to 20%, Moody’s says
Source: KSL --- SALT LAKE CITY — As the high interest rate-induced U.S. housing slump deepens, national housing experts and economists are watching home prices dip across the country — with some regional pockets dropping much faster than others. Predictions vary for...
A crash of the US housing market is ‘very unlikely’ even as mortgage rates surge to 14-year highs
Source: Business Insider --- The average 30-year mortgage hit a 14-year high Wednesday, but that surge won't spark a crash in the US housing market akin to anything seen in 2008, investment strategist Louis Navellier told Insider on Wednesday. Rates for the...
5 Aspects of My Ideal Private Real Estate Fund
Source: White Coat Investor --- A lot of people don't think of me as a “real estate investor,” which I find surprising given that I own enough investments in real estate to live off of for the rest of my life. I've owned everything from an individual rental property...
Another real estate tech company lays off workers in response to housing slowdown
Source: SF Gate --- Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market.
Real Estate Squeeze: Rising Interest Rates and Stubborn Sellers Price Out Middle Class Homebuyers
Source: Yahoo --- SCOTTSDALE, Ariz., September 13, 2022--(BUSINESS WIRE)--HomeLight, the real estate technology platform powering the nation’s best agents, published its Fall 2022 Top Agent Insights Report, featuring findings from a survey of over 1,000 of the top...
