Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”
Read More »NAR Forecast: Existing Home Sales on the Rise by Next Spring
According to National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will be between 6-7% by next spring. Here’s what that may mean for existing home sales.
Read More »Many Want Rent Payments to be Reported to Credit Bureaus
Over 80% of respondents to a new poll conducted by Fannie Mae Multifamily want their on-time rent payments to be reported to the bureaus to advance their credit file in order to create more financial opportunities for themselves.
Read More »Cash Is King Among Current Real Estate Buyers
“Affluent Americans are the only ones who can avoid the sting of high mortgage rates; plus, they’re spending less on housing and keeping more money in the bank because they’re avoiding interest payments,” said Redfin Senior Economist Sheharyar Bokhari.
Read More »Commercial and Multifamily Loan Originations Plummet
Commercial real estate and multifamily real estate loan originations dropped almost 50% year-over-year during the third quarter of 2023. Click through to find out what else the Mortgage Bankers Association found in their quarterly report.
Read More »A Sign of Things to Come? Commercial Bankruptcies Doubled YoY
Total bankruptcy filings increased in October on a yearly basis at a rate of 24%. Click through to read an analysis of the latest data. Could it prove an alarm bell for more widespread economic troubles ahead?
Read More »October Home Prices Hold Steady
Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month. But is the number of homes actively for sale following suit?
Read More »Fed Holds Nominal Interest Rates Steady
The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.
Read More »Zombie Foreclosures Are Still Very Much a Thing
The number of vacant properties sits at well over 1.2 million dwellings amid a serious inventory crunch. Click through to find out what percentage of vacant homes are considered “zombie properties.”
Read More »Real Home Price Index Spikes by Nearly 25% YoY
Find out why First American Chief Economist Mark Fleming says that even household income increases in the past year were “not enough to offset the affordability loss from higher rates and rising nominal prices.”
Read More »