Source: WRAL News — The winds have turned on the US housing market. Sellers listed 24% fewer homes in October compared to 2021, according to data from Zillow. Fewer people are buying houses though, sales […]
Source: Yahoo! — SANTA ANA, Calif., December 20, 2022–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of […]
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 […]
2022 has been filled with discussions on homeownership affordability challenges for good reason. The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials […]
Source: Forbes — The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, […]
There are reasons California-based Pennymac may want to forget 2022. The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage […]
Lending standards loosened in November for the first time in nine months as mortgage rates remaining elevated and the housing market slowed further, the Mortgage Bankers Association (MBA) said on Thursday. The MCAI rose by […]
Source: Fox 31 News — Several U.S. cities where home prices skyrocketed due to an influx of new residents during the pandemic are now seeing prices drop quickly. Real estate experts at Redfin looked at year-over-year […]
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to […]
Source: The Washington Post — The US housing market is in an uneasy state of equilibrium. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply […]
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