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Results: 1938 Articles found.
September 2021

Susan Rice to Co-chair HUD Appraisal Task Force, Send Biden Report in 6 Months

The Department of Housing and Urban Development’s interagency task force to address appraisal inequities will be co-chaired by former United Nations Ambassador Susan Rice, HousingWire reported July 29. The Property Appraisal and Valuation Equity task force, co-chaired by HUD Secretary Marcia Fudge, will deliver a report to President Biden in six months.

 

September 2021

Colorado Springs, Colorado, Hottest Housing Market: Report

Colorado Springs, Colorado, is the hottest housing market, according to the seventh annual Hottest ZIP Codes Report released Aug. 12 by Realtor.com. The report factors in asking price, space for the money, population of high-income millennials and proximity to amenities and outdoor activities. Irondequoit, New York, and Peabody, Massachusetts, round out the top three.

 
September 2021

Foreclosures Up Slightly in July, Expected to Continue Climbing, Data Shows

The number of residential foreclosures fell 4% between June and July, but are 40% higher than one year ago, which signals that they are likely to climb as the government’s moratorium on foreclosures comes to an end, analytics firm ATTOM reported Aug. 10.

 
September 2021

Prices for the Most Expensive and Most Affordable Homes Climbing Fastest: Redfin

Homes on both ends of the spectrum saw prices rise the fastest during the second quarter, with luxury home prices climbing 26% year-over-year and affordable home prices growing 19%, online real estate marketplace Redfin reported July 30. The median home sale price rose 18.7% during the quarter.

 

September 2021

Fannie Mae: Appraisers Should Avoid ‘Problematic Phrases’

Fannie Mae in its July Appraiser Update newsletter has requested that appraisers avoid using phrases in their reports that can be viewed as problematic because they represent subjective judgments and not objective facts. Examples of phases that should be avoided are “desirable neighborhood,” “crime-ridden area,” “affordable neighborhood” and “Integrated community.”

 
September 2021

More Home Sellers Drop Asking Prices as Supply and Demand Recalibrates: Redfin

More than 5% of home sellers are dropping their asking prices each week, the highest rate since October 2019, online real estate marketplace Redfin reported Aug. 18. Still, homes are selling quickly and at high prices as inventory remains low.

 
September 2021

Owning a Home Cheaper than Renting in the Nation’s Top 50 Markets, Report Shows

Owning a home is a smarter financial choice than renting one in all of the nation’s top 50 markets as rental rates are pushed higher by the ongoing coronavirus pandemic, according to a report from First American Financial Corp., MBA NewsLink reported Aug. 18. The potential for home equity was one of the most significant determining factors; appreciation is up 17.5% through June.

 

September 2021

Home Prices Climb in Nearly all Metro Areas During Q2: NAR

The median sales price for single-family homes grew in nearly all metro areas during the second quarter, rising 22.9% to $357,000, which is an increase of $66,800 from one year ago, the National Association of Realtors reported Aug. 12. Monthly mortgage payments on a typical single-family home climbed to $1,215.

 
September 2021

Real Estate Investors Both Help and Harm Housing Inventory Shortages: Realtor.com

Real estate investors are worsening housing inventory shortages in 31 of the nation's 50 largest markets, but helping replenish supply in 19 large markets, Realtor.com reported July 29 in its newest Investor Report. Investors took the most inventory from the Phoenix market, and contributed the most to the Atlanta market.

 

August 2021

FHFA Makes Significant Updates to Mortgage Database

The Federal Housing Finance Agency on June 30 released new and expanded statistical products from the National Mortgage Database for new residential mortgage originations. New offerings include a monthly, quarterly and annual series focused on home purchase and refinance mortgages and national mortgage performance and a series of national- and state-level statistics for outstanding residential mortgages.

 
Results: 1938 Articles found.

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