Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
Fannie Mae downgrades home sales expectations for 2022 and 2023
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
by Matt Carter Jun 16
Fed's biggest rate hike in 28 years might not further impact mortgages
After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride. 'The Fed managed to hint at today's move,' said the COO of 1 capital markets advisory firm
by Matt Carter Jun 15
Mortgage demand picked up last week before latest rate surge
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6%, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter Jun 15
Rise, fall, repeat: The biggest housing surprises of 2022  (so far)
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
by Daniel Houston Jun 15
Delinquency rates remain at rock bottom, according to new report
CoreLogic reports the number of people behind on their mortgage payments fell to a new record low, helped by rise in home prices and past government protection
by Taylor Anderson Jun 14
Mortgage rates surge past 6% on fears of Fed tightening
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday
by Matt Carter Jun 13
A woman managing a budget at a computer
Homebuyer budgets increased by 0.3 percent annually while prices tallied record gains, according to a new analysis by Redfin released Monday
by Ben Verde Jun 13
Mortgage rates under pressure again with inflation at 40-year high
Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July, as soaring cost of gas, food and rents drive inflation to 8.6% in May
by Matt Carter Jun 10
What does it mean when even the wealthiest step back from buying?
Luxury deals are down 18% year over year, and buyers are more cautious than they've been in years, a sign the market is continuing to normalize, according to agents and a new Redfin report
by Lillian Dickerson Jun 10
Manhattan median rent hits new $4K high, according to report
Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent
Sales declines, price drops and the return of buyer incentives: Oh my!
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey
Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
The shifting market will slow prices down — but won't stop them cold
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
by Jim Dalrymple II Jun 7
Loan servicing giant Mr. Cooper lays off another 420 workers
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
by Matt Carter Jun 3