Real Estate

New York, Los Angeles, and San Francisco are the most valuable metros in the U.S., according to a new LendingTree study, but it may come as a surprise how much the total value of owner-occupied homes are within them.

A new study has found that 96% of millennials cite high interest rates as impacting their homebuying plans, and 70% cite inflation as a hindrance.

HUD’s Office of the Inspector General has issued its Fiscal Year 2024 priority open recommendations report outlining actions that the Department can take to address health and safety in HUD-assisted housing, managing fraud risk and improper payments, and IT and cybersecurity modernization.

The share of homeowners that are considered “house poor” has risen above 30%, according to a new study from Creditnews, as housing affordability remains a challenge for American households nationwide.

Inventory levels are improving, and home sellers were more active this December, according to Realtor.com's Monthly Housing Market Trends Report. With the number of homes for sale growing year-over-year, experts anticipate that more new listings will enter the market in 2024.

This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”

The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.

"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.

Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.

“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.