The GSE says a modest recession is expected to enter and exit throughout 2023, with home sales rebounding in the end of Q2 2023
Sarah Wolak is a staff writer at NMP.
The GSE says a modest recession is expected to enter and exit throughout 2023, with home sales rebounding in the end of Q2 2023
Fannie Mae survey found that 36% of recent homebuyers sought just 1 mortgage quote.
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
A Freddie Mac survey showed that Gen Zers still strive to buy homes, but face affordability challenges.
Total loans in the third quarter decreased 47% year-over-year — the largest annual drop in 21 years.
Total household debt in the quarter increased 2.2% to $16.51 trillion.
Redfin says the increases in income needed to afford a median-priced home are especially high in Florida.
Announced a partnership that seeks to secure and verify digital mortgage transactions.
A survey done by Offerpad reported that more than a third of Americans are hopeful about the housing market, despite recent shifts.
The National Association of Realtors also said 46% of metros registered double-digit price increases.