Market Trends

A new analysis from Matic has found that continued challenges may lie ahead in the home insurance landscape in 2024, as record premiums and increased deductibles continue to impact mortgage lenders.

While the number of homes for sale dipped slightly, according to the latest RE/MAX National Housing Report, home prices are retreating alongside high mortgage rates, which posted their second consecutive decline in November.

As part of the Biden Administration’s Investing in America agenda, the Department has awarded nearly $180 million in grants to support energy and sustainability programs.

While affordability issues linger for many, a new study from Redfin has found that just a small portion of homes were deemed affordable by modern lending standards.

A lawsuit filed by the CFPB and Justice Department alleges that Texas-based developer and lender Colony Ridge targeted and exploited Hispanic borrowers with false statements and predatory loans.

According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.

Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.

According to the first-ever Auction.com 2023 Neighborhood Stabilization Report, new data found that community developers are purchasing and renovating distressed properties, often found in underserved neighborhoods, in efforts to provide affordable housing and increase overall access to homeownership.

A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.

“This holiday season, homeowners are the ‘grinches,’ hoarding housing supply from willing buyers and keeping upward pressure on prices," said Mark Fleming, Chief Economist at First American. But the question remains: Will the New Year offer discouraged homebuyers more hope?