Housing Wire

MARCH 7, 2024

Against a backdrop of constrained housing supply , the pace of migration has slowed compared to 2020 and 2021. The allure of affordable cities near major, higher-priced metro areas has gained traction, marking a shift from the suburban exodus observed during the early stages of the pandemic.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home.

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Housing Wire

MARCH 4, 2024

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. billion to cope with the local housing crisis. Other cities have also tapped into the bond markets to handle their housing crises.

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Housing Wire

MARCH 5, 2024

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. Department of Housing and Urban Development (HUD) and state and local housing finance agencies,” according to the announcement. There are three core provisions of the plan.

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RIS Media

AUGUST 13, 2021

According to a new report from Zillow , this is a real challenge in today’s housing market, which may see an even bigger affordability squeeze in the months to come. – As of June 2021, Austin is more affordable than eight major U.S. – As of June 2021, Austin is more affordable than eight major U.S.

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Marco Santarelli

OCTOBER 8, 2023

California is a notoriously expensive state to live in, but there are still some affordable housing markets to be found. In this article, we have listed the 10 cheapest housing markets in California. California's housing market is renowned for its complexity and competitiveness within the United States.

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Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. FHFA explained some of the actions it has taken to address housing inequality.

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Realty Biz

FEBRUARY 1, 2023

Recently, new research into how the housing market has changed in response to these economic shifts has revealed that there are several locations throughout the country where it’s now more affordable to rent a home rather than buy it outright. Lucie, Florida, both of which saw rental prices decline by more than 5 percent.

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Broke Agent Media

JANUARY 27, 2023

On this week’s episode of the Knowledge Brokers Podcast , Byron Lazine and Tom Toole start the conversation with the news that housing inventory is under one million again, which is likely to keep home prices from seeing any significant drops. followed by the news that U.S.

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Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Savvy marketing leaders like Coleen Bogle, CMO at New Jersey-based mortgage lender The Money Store have become critical to the industry. Click here to nominate someone.

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Housing Wire

DECEMBER 28, 2023

Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action. But all the ski towns have an affordability issue. “In

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Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. of new and existing homes sold were affordable to families earning the U.S. of homes sold were affordable to families earning the U.S.

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Mortgages Construction Marketing As-is 384

Housing Wire

MARCH 12, 2024

“While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. But last year I had co-borrowers where the dad was jumping in, the mom jumping in.

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Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 Elevated mortgage rates add to affordability pain As of Aug. from July and 14.1%

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Housing Wire

MARCH 19, 2024

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply.

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Housing Wire

MAY 3, 2024

The tri-state area of New York , New Jersey and Connecticut may face a housing gap of 920,000 units by 2035, a new report published by the Regional Plan Association (RPA) found. highlights a current shortage of 540,000 housing units in the region. The analysis, conducted by McKinsey & Co.

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Housing Wire

APRIL 5, 2024

Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest. “Affording a home is a tough hill to climb, and it’s especially steep for those buying their first home.

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Housing Wire

FEBRUARY 1, 2024

1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Khater added that the solid jobs market, income growth and household formation growth should provide strong fundamental support to the housing market in the months ahead.

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Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. It enables consumers to purchase a house with a 3% down payment.

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Realtor.com

DECEMBER 15, 2021

The top 10 under-the-radar, more affordable real estate markets that are expected to see some strong home price appreciation are all below the Mason-Dixon Line, according to a recent report from the National Association of Realtors®. But they’re still affordable,” says Gay Cororaton , a senior economist at NAR.

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Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market.

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Housing Wire

MARCH 28, 2024

The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options. House Bill 7073, sponsored by Sen. House Bill 1029, sponsored by Sen.

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Housing Wire

APRIL 1, 2024

The DOJ believes that by eliminating it, affordability will improve for all. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets. It is not only homeowners who have benefitted from America’s robust housing market , so have a slew of small businesses. That is highly unlikely.

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Housing Wire

FEBRUARY 22, 2024

22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

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Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. Meanwhile, the total number of starter homes on the market is down 15%, also the biggest drop since the start of the pandemic.

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Housing Wire

DECEMBER 8, 2023

High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. of their annual income on monthly housing costs, up from 38.7% One of the reasons why housing affordability has dwindled is because wages didn’t increase as fast as homebuying costs, Redfin found.

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Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. The tailwinds. The headwinds.

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Equity Mortgages Lending Marketing 458

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. New York, Miami and Philadelphia markets. billion in community development loans and other investments, including affordable housing projects.

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Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

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Mortgages Fixed-rate mortgage Marketing MLS 450

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight.

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Fixed-rate mortgage Agents Marketing Lending 441

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. Indianapolis is more affordable than much of the country. 19, down from 54.79% on Nov.

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Housing Wire

APRIL 18, 2024

The median monthly housing payment for U.S. Additionally, Federal Reserve Chair Jerome Powell made statements at the Washington Forum on Tuesday that indicate there will be no rate cuts anytime soon because the economy and the labor market continue to run hot and inflation has remained sticky. million units, up 4.7%

Mortgages 387

Mortgages Loans Agents Marketing 387

Housing Wire

NOVEMBER 14, 2023

Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday. The combined $140 billion volume considers the given market condition. According to the White House , roughly 35% of the U.S.

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Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. This is what I call a supply-constrained market. “In Fannie Mae recently projected originations for 2023 at $1.59

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Renovation Sales Investor Mortgages 466

Housing Wire

JUNE 5, 2023

The affordability challenges homebuyers are facing are becoming more deeply entrenched, according to Black Knight ‘s most recent monthly mortgage monitor report. “In In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said.

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Fixed-rate mortgage Principal Mortgages Marketing 397

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan.

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Debt-to-income ratio Marketing Equity Loans 458

Housing Wire

FEBRUARY 28, 2024

It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S. Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs.

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