Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000 in Wake of Rising Home Prices and Mortgage Rates

2023-11-13T10:28:55-05:00

Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades

Key Highlights

  • First-time buyers made

    First-time buyers made up 32% of all home

Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000 in Wake of Rising Home Prices and Mortgage Rates2023-11-13T10:28:55-05:00

Services Activity Slows While Bank Lending Continues Tightening, At A Slower Pace

2023-11-13T10:29:13-05:00

Key Takeaways:

  • The ISM Services Index declined 1.8 points to 51.8 in October, its lowest level since May. Both the business activity index and the employment index fell sharply, declining 4.7 points to 54.1 and 3.2 points to 50.2, respectively. In
Services Activity Slows While Bank Lending Continues Tightening, At A Slower Pace2023-11-13T10:29:13-05:00

FHA Proposes Update to Home Equity Conversion Mortgage Assignment Claims Eligibility to Strengthen Market Liquidity

2023-11-13T10:29:36-05:00

Proposal posted for feedback will ensure long-term program viability and expanded availability for senior homeowners.

WASHINGTON – The Federal Housing Administration (FHA) today announced it has posted for industry feedback a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims

FHA Proposes Update to Home Equity Conversion Mortgage Assignment Claims Eligibility to Strengthen Market Liquidity2023-11-13T10:29:36-05:00
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