Appraisal Institute applauds Congress for passing housing bill

Jul 30, 2008

NAMB supports GSE aid: Fed plan would add stability to Fannie and FreddieMortgagePress.comNAMB, GSEs, Fannie Mae, Freddie Mac, Marc Savitt The National Association of Mortgage Brokers announced its support of the Federal Reserve Board's plan to open its discount window to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. "We applaud the Federal Reserve Board for its initiative," said NAMB President Marc Savitt, CRMS, "Fannie Mae and Freddie Mac play a pivotal role in the housing industry and, with the Federal Reserve's support, will continue to play a role in stabilizing the market. Fannie Mae and Freddie Mac help many borrowers achieve the dream of homeownership, and we commend Chairman Bernanke for his leadership." For more information, visit www.namb.org.

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Jul 30, 2008

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...

Analysis and Data

Home Price Growth Expected To Remain Stagnant

Redfin Home Price Index shows 0.6% growth month-over-month

Redfin’s latest Home Price Index (HPI) echoed the findings of other HPIs reflecting quarter-one data, with prices remaining on a slight incline across the U.S. Home prices climbed 0.6% nationally in March on a seasonally-adjusted basis, matching February’s 0.6% month-over...