U.S. Housing Market
Mortgage Application Activity Down by 5%
Among the federal programs, the FHA share of total applications increased to 20.8% from 19.5% the week prior. Continue Reading Mortgage Application Activity Down by 5%
Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
“Our residents deserve better than deficits, economic decline and policies that push families and businesses away,” the letter said. Continue Reading Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
The program will provide provides up to $18,000 in assistance for purchase, refinance, or improvement of a primary residence in qualified communities. Continue Reading Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
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
Want to Buy a Home In 2023? 10 Cities to Consider
Source: The Ascent --- I'm sure a lot of people would love to forget about the state of the housing market in 2022, but unfortunately, we've probably still got a ways to go before things significantly improve from high prices and high mortgage rates. And since...
Top Overvalued U.S. Housing Markets
Source: US News --- In January 2020, when there was news of a novel coronavirus starting to circulate around the globe but no talk of disruptions to daily life in the U.S., the housing market was continuing to strengthen slowly. The median-price home was more...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Fortune --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled “Getting worse before getting better.” Instead of U.S. home prices falling 4.1% in 2023, which was their November call, researchers at...
Redfin CEO Glenn Kelman calls housing market ‘stronger than anyone could’ve hoped’
Source: Yahoo! News --- The housing market is coming off one of its most challenging years since the financial crisis, but signs of a turnaround are emerging early in 2023, according to Redfin (RDFN) CEO Glenn Kelman. "The market could still easily falter,"...
US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Source: Yahoo! Finance --- VANCOUVER, BC, Jan. 27, 2023 /CNW/ - Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US...
Housing Market Update: Pending Home Sales Improve In January As More Buyers Return
Source: Redfin --- Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home...
US housing market shows early signs of recovery as demand rises
Source: Fox Business --- The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home sales rose 3% in December, the first month-over-month increase since...
The Housing Market Has Started To Recover
Source: Redfin --- The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has improved 17...
Here’s when US home price declines could end, Goldman Sachs says
Source: New York Post --- The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage rates have cooled by nearly a full percentage point after surging above 7% as the Federal Reserve...
The housing market recession could be bottoming out. What does it mean for home prices?
Source: Yahoo! --- 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...
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