The U.S. housing market is “making steady progress toward balance,” said Re/Max President and CEO Nick Bailey, as September’s slump in home sales led to a rebound in inventory.
With soaring mortgage rates and the median sales price of $400K up 6.7% from a year earlier, home sales fell 9.7% from August across 53 metro areas surveyed by Re/Max.
The Bipartisan Policy Center (BPC) has proposed a new piece of legislation that it says could not only address broad housing affordability issues, but might be supported by both major political parties. The proposed legislation, […]
Equifax will be providing telecommunications and subscription television credit data to the mortgage industry to “streamline the mortgage underwriting process and support loans within the secondary mortgage market,” the credit bureau said Friday. Providing utility […]
The Housing Market Index (HMI) from the National Association of Homebuilders (NAHB)–typically referred to simply as “builder confidence”–is argued to be both an advance indicator and a lagging indicator depending on who is doing the […]
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