A combination of “inflation, high prices, soaring mortgage rates, and low housing supply caused 2023 to go down as the least affordable year for housing in recent history,” said Redfin Senior Economist Elijah de la Campa.
Most Recent Articles
Smaller Homes, Bigger Prices: New-Home Costs on the Rise
New homes in the US may have gotten smaller in the past decade, but the average price per square foot has skyrocketed. Now LendingTree’s analysis of Census Bureau data on new-home sizes and...
Craig Trainor Confirmed as HUD Assistant Secretary
HUD just got some fresh leadership. The U.S. Senate recently confirmed Craig Trainor as the new Assistant Secretary at the Department of Housing and Urban Development (HUD)—a move that could shape...
Study: One in Three Older Households Is Cost Burdened
In 2023, over one-third (34%) of older households were cost burdened, paying more than 30% of their income for housing, per the Joint Center for Housing Studies’ recently released housing...
Washington Supreme Court Ruling Could Reopen Foreclosure Judgments After Bankruptcy
A recent Mortgage Professional America (MPA) report highlights a Washington Supreme Court decision that could have major implications for mortgage servicers. The ruling in Luv v. West Coast...
Government Shutdown Forces HUD Layoffs, Delaying Key Housing Services
According to reporting by Atlanta News First and a recent court filing, more than 4,000 federal employees have been laid off as a result of the ongoing government shutdown, including 442 people...
Former Fed Governor Larry Lindsey Drops Out of Running for Fed Chair
Former U.S. Federal Reserve Governor Larry Lindsey has removed his name from consideration for the Fed Chair post, saying, "I have a very full, varied, and enjoyable life right now that I don’t...
Five Star’s Ed Delgado to Head Industry Panel at NPPC25
Industry veteran Ed Delgado, Chairman Emeritus of Five Star Global and Managing Director of Mortgage Policy Advisors has been selected to lead a group of prominent industry executives during the...
Government Shutdown Puts USDA Home Loans on Hold
While government-guaranteed mortgages like from the Federal Housing Administration (FHA) and Veterans Administration (VA) and loans not requiring a government guarantee are continuing as if the...
Treasury Confirms Major Layoffs at CDFI Fund
According to published reports, the Treasury Department has laid off the entire staff of the Community Development Financial Institutions (CDFI) Fund. A spokesman for the White House Office of...
Home Price Growth Ticks Up After Eight Months of Stagnation
According to the ICE Home Price Index, home price growth reversed direction in September, after falling for eight months previously. Here's what else the latest data reveals. The post Home Price...
Report Reveals Which U.S. State Economies Are Nearing Recession
"State-level data makes it clear why the U.S. economy is on the edge of recession," wrote Mark Zandi, Chief Economist of Moody in a post on X. The post Report Reveals Which U.S. State Economies...
FHFA, Senate Democrats Clash Over Fannie and Freddie Transparency
Sen. Elizabeth Warren and colleagues urged details on possible GSE reprivatization, but FHFA Chair Pulte says the board is meeting regularly and exempt from disclosure rules. The post FHFA, Senate...
Mortgage Fraud Index Climbs for Second Straight Quarter
Mortgage fraud is on the rise, according to the Cotality Mortgage Application Fraud Risk Index. The index increased 6.1% from the second quarter of 2024 and was up 1.4% from the first quarter of...
Foreclosure Starts Tick Up, Delinquencies Steady in Latest FHFA Report
The Federal Finance Finance Agency (FHFA) reports that the Enterprises completed 17,929 foreclosure prevention actions in July 2025, according to FHFA’s latest data. July’s transactions bring the...
FOMC Expressed Concern About Housing, Economy Before Rate Cut
Federal Reserve Governors and other Federal Open Market Committee (FOMC) members discussed the weakness in housing, commercial real estate, and other markets before making their decision to...
Letitia James Indicted for Alleged Mortgage Fraud
New York Attorney General Letitia James has been indicted by a federal grand jury in Virginia on one account of bank fraud and one count of making a false statement to a financial institution. The...
GAO Warns FEMA Staffing Crisis Could Hamper U.S. Disaster Response
The Federal Emergency Management Agency (FEMA) is heading into the peak of hurricane season with fewer workers and leaders than in past years, according to a new report from the Government...
FDIC, OCC Issue Notice of Proposed Rulemaking on Reputational Risk
The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) are looking to codify the removal of reputational risk their supervisory programs, and to...
Foreclosure Activity Continues Slow Annual Climb
ATTOM's Q3 2025 U.S. Foreclosure Market Report has announced the share of U.S. homes that had foreclosure filings in the third quarter of 2025, showing decreases from the previous quarter and...
States Across the U.S. Pass Sweeping Housing Reforms in 2025
As reported by the Pew Charitable Trusts, in 2025, state legislatures across the country took major steps to make housing more available and affordable. From Texas to Washington to Montana,...