Dramatic downward revisions for projected 2025 home sales: Fannie
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year
by Matt Carter Nov 21
Homebuyer challenges offer an opportunity for lenders: JD Power
Survey finds lenders that have remained staffed up and invested in digital processes that streamline the mortgage process are crushing their competitors on customer satisfaction
by Matt Carter Nov 12
Record number of Americans say they'd rather rent than buy
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy: Fannie Mae survey
by Matt Carter Nov 7
Rising mortgage rates are taking their toll on homebuyer demand
Demand for mortgages is at the lowest level since July, although MBA survey shows purchase loan requests are up slightly from a year ago when rates were headed for post-pandemic highs
by Matt Carter Oct 23
Strong economy may prop up home prices, mortgage rates
Fannie Mae economists say surprising strength of the US economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected
by Matt Carter Oct 17
Consumer housing sentiment hits 30-month high in September
More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey
by Matt Carter Oct 7
Homebuyers entering the market even as mortgage rates stabilize
Purchase loan applications are up 9% from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability, MBA lender survey suggests
by Matt Carter Oct 2
real estate economist
In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: The Fed's latest rate cut
by Jeff Tucker Sep 27
Homebuyers get a break as big lenders redefine 'jumbo mortgage'
CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
by Matt Carter Sep 24
Home prices remained relentless in July, even as growth slowed
Home prices continued to break records in July, according to reports released by S&P Dow Jones and FHFA on Tuesday. Some economists said lower rates may fuel demand, pushing prices higher
by Lillian Dickerson Sep 24
2024 could be worst year for home sales since 1995: Fannie Mae
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets
by Matt Carter Sep 20
New Hampshire metro prevails as hottest US market for 29th time
August marked the 8th consecutive month in which Manchester, New Hampshire, was ranked the hottest US market by Realtor.com. The top 20 markets were all in the Northeast and Midwest
by Lillian Dickerson Sep 12
US homebuyer down payments reach new record, outpace prices
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
by Richelle Hammiel Aug 28
Case-Shiller Index keeps breaking records as HPI growth curbs pace
S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since prices in the lower end of the market are rising more quickly than other tiers
by Lillian Dickerson Aug 27
US home prices rise 0.2% in July, slowest growth since January 2023
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday
by Richelle Hammiel Aug 20