As expected, the Federal Reserve raised rates again at the end of their May meeting by a quarter point—this is now the tenth-straight increase.
Read More »Annual Home Price Growth Falls to 10-Year Low
While annual home price growth fell to lows not seen in a decade, growth still increased for the 134th consecutive month in March 2023.
Read More »Renters Finding Themselves with Less Discretionary Income
Inflation and rising rents are leaving renters little to work with after paying their monthly dues.
Read More »Pending Home Sales Decrease for First Time in Five Months
The National Association of Realtors reported that pending home sales fell 5.2%. Click through for more.
Read More »CFPB Issues Further Guidance on ‘Zombie Mortgages’
The Consumer Financial Protection Bureau has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages,” since it is illegal for debt collectors to sue or even threaten to sue to collect on these debts past the statute of limitations or in other illegal fashions.
Read More »Director Thompson Sets Record Straight on Mortgage Pricing Fees
Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson has released a new statement addressing the pricing framework of Fannie Mae and Freddie Mac.
Read More »Potential Home Sales Increase 2.6% Since February
“Our Potential Home Sales Mode has now increased for four consecutive months alongside generally lower mortgage rates, providing some optimism,” said Mark Fleming, Chief Economist at First American.
Read More »Contract Volume, New Listings Down, While Days on Market Up
HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.
Read More »More Than Eight Million Americans Reportedly Behind on Rent
According to a new LendingTree study, more than eight million adults throughout the U.S. aren’t caught up on rent, citing continued affordability constraints, and greater overall housing costs.
Read More »Pending Home Sales Numbers Improve, Further Incremental Improvements Expected
“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.
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