Cooling housing demand and an increase in rental home options are projected to keep home sales stable in the coming year, according to Realtor.com's 2024 Housing Forecast. As the market continues to moderate, here’s what experts predict for mortgage rates by the end of the year.
Most Recent Articles
Doug Duncan to Step Down as Fannie Mae Chief Economist
The GSE’s SVP and Chief Economist officially announces his plans to step down via a LinkedIn post, after years as one of the industry’s top sources for forecasting housing, economic, and mortgage...
The Week Ahead: Forecasting Q4 and Beyond
During an upcoming webinar, Patrick F. Stone and Bill Conerly, Ph.D., will provide insight and analysis on the current state of the economy, and its impact on the housing market. The post The Week...
At-Risk Counties Experiencing Higher Unemployment Rates, Foreclosures, And More
ATTOM has released its Special Housing Risk Report, revealing the state of housing affordability, the share of underwater mortgages in at-risk counties, and spotlighting county-level housing...
HUD Awards Grants to Combat Housing Discrimination
Funding by the Department will support and promote fair housing nationwide through a range of activities geared to further promote inclusive communities nationwide. The post HUD Awards Grants to...
Examining Escalating Rental Prices, Post-2019
Despite remaining cheaper than buying a home, rent prices in major U.S. cities have soared in recent years, with fair-market rents rising dramatically across the country according to...
Lending Study Examines HELOC Origination Trends
Findings by the MBA suggest potential opportunities for both lenders and borrowers, and takes a look at shifts in home equity debt. The post Lending Study Examines HELOC Origination Trends first...
Home Costs Are Adding Up
"Many prospective buyers started questioning the American dream of homeownership," said Jeff Taylor, Co-Founder and Managing Director of Mphasis Digital Risk. "We're now getting closer to...
Housing Market Slows as Buyers and Sellers Await Rate Drops
August housing data from Realtor.com indicates that while buyers and sellers are holding out for a more favorable mortgage rate environment, the housing market has slowed significantly, with the...
Where Are Home Prices Heading Over the Next 24 Months?
Fannie Mae's latest Home Price Expectations Survey forecasts home price growth trends for the remainder of 2024 and into 2025, and shares their insight into policy reforms that may increase the...
Mortgage Application Payments Take a Dip
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June. This is according to the Mortgage Bankers...
Women in Housing Leadership Awards Finalists Announced
At the upcoming Five Star Conference and Expo, those whose contributions continue to impact the housing and mortgage servicing industry will be recognized at the 2024 Women in Housing Leadership...
What’s Holding Back Condo Sales?
Condo inventory is on the rise and pending sales are dropping in major metros like Miami, Jacksonville, Austin, and San Antonio. Redfin examines the factors responsible for this dip in sales. The...
The Most Sustainable Cities in America
Coworking Café’s newly created Sustainability Index ranks the greenest cities in the nation, where strong environmental policies and access to renewable energy resources are impacting...
Study Highlights the Benefits of Mortgage Brokers
Research reveals that consumers can save more than $10,000 when using a mortgage broker for a home purchase, with veterans and minority borrowers seeing the most substantial benefits. The post...
Home Sales Remain Sluggish Despite Descending Mortgage Rates
The median monthly housing payment has fallen to its lowest level in five months, but pending home sales also experienced their largest dip in almost a year, according to a new Redfin study. What...
U.S. Consumers Exhibit ‘Credit Caution’ Amid Rising Delinquencies
"Some new warning signs emerged in July, including higher delinquencies and lower originations," said Susan Fahy, EVP and Chief Digital Officer at VantageScore. "Both lenders and consumers are...
HUD Expands Housing Counselor Certification Exam
The updated HUD certification exam is now available in Spanish, Traditional Chinese, Korean, and Vietnamese, improving access for diverse housing counselors and their clients. The post HUD Expands...
Renters Seek Upgrades Without Breaking the Bank
With the rise of long-term renting among millennials and Gen Z, Zillow and Thumbtack share simple, budget-friendly projects that can enhance rental spaces and add value. The post Renters Seek...
Contract Signings Decline MoM as Pending Home Sales Dip
July saw a 5.5% decline in pending home sales, according to the National Association of REALTORS. Monthly transaction losses were reported for each of the four US regions. The Northeast had growth...
Which States Are Experiencing the Largest Number of Commercial Foreclosures?
The U.S. Commercial Foreclosure Report, recently released by ATTOM, indicates that the number of commercial foreclosures has steadily increased over time, rising from a low of 141 in May 2020 to...