Source: Housing Wire — Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. The […]
After the Federal Reserve raised its key short-term benchmark rate by another three-quarters of a percentage point on Wednesday, the average for the 30-year fixed-rate mortgage climbed to its highest level in 14 years, remaining […]
Raising the alarm about the nation’s housing supply crisis, Leslie Rouda Smith, president of the National Association of REALTORS(R), told policymakers at a White House meeting Wednesday that the U.S. is short 5.5 million homes […]
Source: The Motley Fool — If you’re buying a home, you’re making one of the biggest financial commitments of your life. You want to be sure you’re in the right place financially to do […]
The National Association of Home Builder’s (NAHB’s) index measuring the confidence of builders in the new home market has fallen for the ninth straight month. A 3-point month-over-month drop put the NAHB/Wells Fargo Housing Market […]
Residential construction numbers were mixed in August. Home builders apparently worked on drawing down their backlogs of permits rather than seeking new ones while construction starts soared. The U.S. Census Bureau and Department of Housing […]
Mortgage application activity increased for the first time in six weeks during the period ended September 16 although the prior week had been shortened by a major holiday weekend. The Mortgage Bankers Association said its […]
Seven straight months of slowing sales has reduced existing home transactions by nearly 20 percent from the same point in 2021. The National Association of Realtors(R) (NAR) said on Wednesday that August sales of preowned […]
Even as demand for new homes fizzles–about a quarter of homebuilders are reducing their prices to attract more buyers as foot traffic falls–single-family construction jumped 3.4% in August, the Commerce Department reported Tuesday. Economists are […]
Existing-home sales slipped further in August as economists blame the “housing recession” mostly on higher mortgage rates, though home prices continue rising, according to newly released data from the National Association of REALTORS(R). But while […]
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