Scott Turner Confirmed as Secretary of U.S. Department of Housing and Urban Development
Scott Turner has been confirmed by the U.S. Senate as the next Secretary of the U.S. Department of Housing and Urban Development (HUD).
Secretary Turner...
NAHB Urges Trump to Exempt Tariffs on Home Building Materials
The National Association of Home Builders is urging President Trump to exempt building materials from the proposed tariffs on Canada and Mexico because of...
ATTOM: U.S. Homeowners Saw Their Equity Gains Slow in Q4
Home prices basically stabilized nationwide in the fourth quarter - and as a result, home equity gains dipped sightly.
However, as per ATTOM’s fourth quarter...
FHFA: Home Price Growth Continued to Slow Nationally in November
Home price growth both nationally and regionally showed signs of slowing in November, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted home...
Mortgage Rates Flat This Week as Supply Shortage, Affordability Hurdles Persist
Mortgage rates were mostly flat this week, with the average rate for a 30-year fixed-rate mortgage hovering at 6.95%.
That’s down slightly from last week...
Pending Home Sales Dropped in December
Pending home sales decreased 5.5% in December compared with November and were down 5% compared with December 2023, according to the National Association of...
Number of Available Homebuyer Assistance Programs Grew 7 Percent in 2024
Down Payment Resource reports that 172 new homebuyer assistance programs and 75 new program providers were established in 2024.
As of the end of the...
Case-Shiller: U.S. Home Prices Increased Slightly in November
U.S. home prices increased 0.4% in November compared with October and were up 3.6% compared with November 2024, but the rate of appreciation continues...
Mortgage Applications Dropped 2 Percent Last Week as Rates Remained Flat
Mortgage application volume fell 2.0% during the week ended January 24, as the average rate for a 30-year, fixed-rate mortgage remained unchanged at 7.02%,...
First American: Home Prices Barely Increased in December
U.S. home prices increased slightly in December, rising just 0.1% compared with November and up 3.9% compared with December 2023, according to First American’s...
New Home Sales Up 3.6 Percent in December as Supply Struggles to Meet Demand
New home sales in December were at a seasonally adjusted annual rate of about 698,000, an increase of 3.6% compared with November and an...
Profit Margins for Home Sellers Continued to Shrink in 2024
Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows.
Home sellers made a $122,500...
NAR: December Existing-Home Sales Increased 2.2 Percent Month-Over-Month
Existing-home sales increased 2.2% in December compared with November to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024,...
Trump Administration Directs Federal Agencies to Lower the Cost of Housing
The Trump Administration on Monday issued a broad order to all federal agencies to develop and implement strategies that will “restore purchasing power to...
Rocket Unifies its Real Estate Search and Home Financing Platforms
Rocket Companies has unified its real estate search platform with its mortgage lending platform to create a single resource where home buyers can search...
Fannie Mae: Expect Another Year of Sluggish Existing-Home Sales
The average rate for a 30-year will remain well above 6% for the near-future and existing-home sales will remain muted due to high home...
LenderLogix Homebuyer Intelligence Report Shows Improving Affordability Conditions
Borrowers generated 37,831 pre-approval letters through LenderLogix’s QuickQual pre-approval platform in the fourth quarter, a decrease of 23.4% compared with the third quarter.
The average...
Housing Starts Surged in December as Builder Confidence Improved
Housing starts surged in December, increasing 15.8% compared with November to reach a seasonally adjusted annual rate of 1.499 million, according to the U.S....
Fannie Mae: Annual Home Price Growth Accelerated in Q4
After decelerating for two previous quarters, home price growth re-accelerated on an annual basis in the fourth quarter, according to Fannie Mae.
U.S. home prices...
Ben Fertig: Mortgage Brokers Have Opportunities in the Residential Real Estate Investor Market
PERSON OF THE WEEK: Today’s mortgage brokers face a plethora of challenges that hinder growth, from volatile interest rates and persistent inventory shortages to...