Quarter-over-quarter, the GSE reported that net income decreased $295 million in Q3 of 2023 over Q2, as Fannie Mae assisted with the purchase, refinance, or rental of 428,000 households in the third quarter. Read the full financials in our story after the link.
Read More »Smaller is Better? Examining 2023’s Emerging Housing Markets
As sky-high mortgage rates continue to hamper potential homebuyers, smaller markets are the star of the show in the Wall Street Journal and Realtor.com's latest Emerging Housing Markets Index, offering more affordability and job opportunities.
Read More »Home Prices Increase Over 5% YoY
First American’s Data & Analytics division published a new report that shows home prices have found new highs for the sixth-straight month. Click here to see charts and year-over-year changes of the Home Price Index.
Read More »Homebuyers Flock to Upstate New York Amid Housing Supply Shortage
While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin. Click through to learn which NY regions are having homes fly off the market.
Read More »Home Values Hit All-Time Highs in Q3
Home prices are up in 71% of the nation, according to ATTOM's 2023 U.S. Home Sales Report. With the U.S. median home price hitting another record in Q3, profit margins on typical home sales increased to nearly 60% nationwide.
Read More »Fannie Mae: Long-Term Interest Rates Projected to Impact Economy
New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.
Read More »Examining the Impact of Flood Risk on Florida Home Values
While nearly 40% of total U.S. residents live in coastal regions, a new CoreLogic report revealed that approximately 41 million U.S. residents face the risk of flooding along rivers and streams. Click here to see how flood risk impacts overall home values in the Sunshine State.
Read More »Potential Homebuyers Retreat as Rates Remain Elevated
While a slight increase in new listings offers potential buyers more housing inventory to choose from, Redfin has found that many are backing out of the market, as mortgage rates sit near levels last seen two decades ago.
Read More »Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic. Learn what else this new study from the Urban Institute reveals.
Read More »Potential Homebuyers Enlist Family to Help Curb Housing Affordability Costs
A new survey from Realtor.com revealed that an estimated one-third of prospective homebuyers have moved in with parents or other family members, in hopes of saving money to purchase a home this year.
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