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Why did mortgage rates go up after the Fed rate cut? Sep. 19th 2024
The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market.
Bummer! Existing-home sales flop, but relief could be on the way Sep. 19th 2024
The Federal Reserve’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market.
Republican senators introduce bill to expand federal oversight of housing programs Sep. 18th 2024
Sen. Tim Scott and several Senate Republican colleagues have introduced a new bill to increase congressional oversight of HUD programs.
AOC pushes $30B social housing housing bill Sep. 18th 2024
The proposed bill would have numerous housing implications if passed, including the establishment of a new HUD division and a repeal of the Faircloth Amendment.
Homebuilders are returning to the single-family market. But it won’t be enough Sep. 18th 2024
Homebuilders are coming back to the single-family market, but multifamily prospects look dim and the overall pipeline isn't enough to make a dent in the housing shortfall.
Could Kamala Harris’ ambitious housing plan actually pass? Maaaybe Sep. 17th 2024
A historic rise in home prices and nearly three years of high mortgage rates have put housing issues front and center in the 2024 presidential campaign. Kamala Harris has outlined an ambitious vision for housing that would involve the construction of 3 million new homes in four years.
Foreclosures decline, but Attom says to watch for ’potential housing market instability’ Sep. 17th 2024
Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August.
Homebuilders have a rosier outlook now that mortgage rates are falling Sep. 17th 2024
Homebuilder confidence has been declining for months, but positive developments with mortgage rates are giving them a rosier outlook.
‘Combative’ Portland housing market is having post-pandemic growing pains Sep. 17th 2024
To get a sense for what the mood is among real estate agents right now, look no further than Portland, Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers.
Lower mortgage rates attracting more homebuyers Sep. 15th 2024
Lower mortgage rates are already impacting the housing data, as seen in the first positive 14-week trend in purchase applications in 2024.