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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Housing and Economic Recovery Act of 2008 (HERA) “codified housing goals and added a Duty to Serve, which gives FHFA the tools to ensure that Fannie and Freddie stay focused on affordable housing and serving the housing needs of low- and moderate-income families instead of using a federal backstop to just cherry-pick the most lucrative loans.”

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Manufactured homes are appreciating faster than site-built homes

Housing Wire

In contrast, the average sales price of new site-built, single-family homes (excluding land) rose by 37.66% over the same period,” the study explained. Despite the long-term trend of rising prices, however, the average sale price of a new manufactured home fell between 2022 and 2023.

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Flood Plains, High Winds, and Leased Land: Your Guide to Buying a House in Palm Springs

HomeLight

You’ll have to navigate land leases, HOA requirements , and stiff competition from other buyers set on purchasing your picture-perfect property. A shortage of homes for sale. As Hamilton says, “right now, our inventory is half what it was a year ago, so the number of homes available for sale is really low.”.

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