Residential Archives - Page 4 of 15

September 7, 2021

Fed is stoking another real estate price bubble that will wipe out home equity, investor Peter Boockvar warns

Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. “I feel bad for...

August 26, 2021

Home Sales Rise as the Limited Number of Properties on the Market Improves

The numbers: Existing-home sales edged higher as the inventory of homes for sale grew, giving buyers some more breathing room in a tough market. Existing-home sales rose 2% to a seasonally-adjusted, annual rate of 5.99...

August 23, 2021

Homebuyer Bidding-War Rate Drops to Lowest Level Since January

60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a year ago. In July, 60.1% of home offers written by...

August 19, 2021

Fannie Mae’s rental payment change worries some

Positive rental payment history will be considered in underwriting process The mortgage industry had mixed feelings about the Federal Housing Finance Agency’s move to count positive rental history in Fannie Mae’s underwriting process. Advocates for...

August 2, 2021

BLACK KNIGHT’S FIRST LOOK AT JUNE 2021 MORTGAGE DATA

1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September’s Wave of Forbearance Expirations Begins The national delinquency rate hit its lowest level since the onset of the pandemic...

July 29, 2021

Builders pull back as more homebuyers are priced out of the market

Building permits, an indicator of future construction, fell more than expected to the lowest since August. There are several signs in the market for newly built homes that point to a potential slowdown for the...

July 23, 2021

Share of Homes Bought With All Cash Hits 30% for First Time Since 2014

Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the country. Nearly one-third (30%) of U.S. home purchases this year...

July 21, 2021

Top 10 U.S. Metros with Highest Foreclosure Rates in Q2 2021

ATTOM’s newly released Midyear 2021 U.S. Foreclosure Market Report shows that foreclosure filings in the first six months of 2021 were down 61 percent from the same time period a year ago and down 78...

July 14, 2021

Homebuyers are finally catching a break as new listings rise and mortgage rates drop

New listings of homes jumped 4% in the four-week period ending July 4 from a year earlier, according to Redfin. For more than a year now, the housing market has been a perfect storm for...

July 12, 2021

Why More Homebuyers Now Are Turning to This Much Riskier Type of Mortgage

Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of...