U.S. Housing Market
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
Connecticut Town Bans Short-Term Airbnb Rentals After Neighbors Complain
The ban follows complaints about a rented-out residence where wild parties disrupted a neighborhood. Continue Reading Connecticut Town Bans Short-Term Airbnb Rentals After Neighbors Complain
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’
Source: Yahoo! --- After climbing above 7% for the first time in 20 years, U.S. mortgage rates moved back down this week even as the housing market continues to reel from high borrowing costs. Rates also dipped despite the Federal Reserve announcing another hike of...
How far will home prices fall? Some say 20% or more is possible
Source: Bankrate --- As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20...
Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand
Source: Forbes --- Mortgage rates slipped below 7% this week, but it wasn’t enough to boost housing activity as mortgage applications continued to decline amid the Federal Reserve hiking its benchmark interest rate for the sixth time this year. The average 30-year,...
What will the Fed do next? Follow the economy, not what Jerome Powell says
Source: CNN --- New YorkCNN Business — The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations about whether the Federal Reserve is going to slow down the pace and size of its interest rate hikes. The Fed briefly...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Source: The New York Times --- Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a race...
Can Utah plan its way out of its housing crisis? Here’s how it’s trying
Source: KSL News --- SALT LAKE CITY — Along with hundreds of city leaders across Utah and its Wasatch Front, Farmington Mayor Brett Anderson knows as well as anyone what haunts the debate over how in the world the rapidly growing state will confront its housing...
What’s Happening in the Affordable Housing Market
Source: Commercial Observer --- Commercial Observer recently spoke with Alvin Yeung, CPA, a managing director of tax services for CBIZ Marks Paneth, who has extensive experience in the affordable housing development market, and Gina Citrola, CPA, a CBIZ Marks Paneth...
U.S. Housing Inventory Hits a Two-Year High as Demand Cools
Source: Mansion Global --- The number of homes for sale in the U.S. hit a two-year high in October, according to a report from Realtor.com Thursday. Active listings increased 33.5% since October 2021 to the highest level since 2020, with a 2.8% increase over October...
Housing market predictions: the forecast for the next 5 years
Source: Bankrate --- It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both...
Housing Market Could See Further Fallout From Fed’s Inflation Fight
Source: Forbes --- Federal Reserve Chair Jerome Powell views the U.S. housing market as “very overheated” after the pandemic, and he believes supply and demand need to get back into balance. Powell spoke at a November 2 press conference as the U.S. Federal Reserve...
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