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Realtor.com® 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround

2023-11-29T13:30:46-05:00

Buyers will finally see lower prices (-1.7%) and mortgage rates of 6.8% (on average), but may scramble to find inventory (-14%) as current owners happy with their low mortgage rates and pandemic home purchases stay put.

Lower mortgage rates and

Realtor.com® 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround2023-11-29T13:30:46-05:00

The Home Stretch

2023-11-29T13:23:32-05:00

Thanksgiving is over. That means we are in the home stretch of the year. From a business perspective, many within the real estate industry will be happy for this year to end. There is no guarantee that next year will

The Home Stretch2023-11-29T13:23:32-05:00

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

FHFA House Price Index Up 0.6 Percent in August; Up 5.6 Percent from Last Year

2023-10-31T13:05:29-04:00

FHFA House Price Index Up 0.6 Percent in August; Up 5.6 Percent from Last Year

FOR IMMEDIATE RELEASE
10/31/2023

​​​​​​​​​​​​​​​​​​​​​​​​​​​Washington, D.C. – U.S. house prices rose in August, up 0.6 percent from

FHFA House Price Index Up 0.6 Percent in August; Up 5.6 Percent from Last Year2023-10-31T13:05:29-04:00
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