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Housing markets

FHFA set to end equitable housing finance plans for GSEs

Fair Housing Act, Housing markets, Politics and policy, Regulation and compliance, Secondary markets /

The Federal Housing Finance Agency is proposing to repeal its fair lending, fair housing and equitable housing finance rule, stating it is looking to comply with Pres. Trump’s executive orders. Furthermore, the rule is duplicative, with the laws behind each portion administered by other agencies. But Jannell Byrd-Chichester, general counsel for the National Fair Housing […]

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New-home sales remain tepid on affordability constraints

Housing Inventory, Housing markets, Originations, REALTORS & HOMEBUILDERS /

Sales of new homes in the US remained weak in June as builders’ heavier use of sales incentives failed to motivate buyers put off by high costs. Contract signings on new single-family homes increased 0.6% to an annualized rate of 627,000 last month, according to government data released Thursday. That fell short of the 650,000

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Foreclosure auctions spike, but bidders hold off on buying

Foreclosures, Housing markets, Servicing /

Foreclosure auction activity hit a two-year high on the back of a major jump in repossessions for Veterans Affairs-backed loans, a new report from Auction.com found. Auction activity rose 19% year-over-year, according to the report, led by a 428% jump in foreclosure sales on VA-backed loans. The report cited the Federal government ending a VA

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Homebuilder profits slip year-over-year in difficult 2Q25

Earnings, Housing markets, REALTORS & HOMEBUILDERS /

The second quarter was a mixed bag for a quartet of publicly traded homebuilders, reflecting the meh 2025 spring home purchase season. All four were profitable, but net income was lower compared with one year prior. The market wasn’t helped by a near 14% drop in the sale of newly constructed properties (on an annualized

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Douglas Elliman forms mortgage venture with AMB

Housing markets, MARKETING TO BORROWERS, Originations, Underwriting /

Douglas Elliman, the nation’s sixth-largest real estate brokerage, is the latest firm to unite home sales and financing under one roof. The company has entered into a “strategic alliance” with Associated Mortgage Bankers, Ronkonkoma, New York, to create Elliman Capital. “By bringing mortgage services in-house, we’re creating an unprecedented level of convenience and oversight to

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Opendoor shares jump as traders flock to newest meme stock

Housing markets, Mortgage technology /

Opendoor Technologies jumped 120% on Monday, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.  The stock’s triple-digit surge sent shares of the Tempe, Arizona-based company soaring to $4.97, well-above the $1 level it was bouncing around

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What’s behind the increase in housing inventory?

Housing Inventory, Housing markets, MARKETING TO BORROWERS, Originations /

For-sale housing inventory is sitting at its highest point in years despite a pullback in new listings, and the contrasting numbers indicate long-standing affordability challenges are still impacting the market, leading real estate brokerages found. Approximately 1.36 million homes were on sale in June, the greatest volume since late 2019, according to the latest data

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Stagnant home sales likely to be a drag on US economy

Economy, Housing markets /

The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant future, economists at First American Financial warn. With the exception of the fourth quarter of 2024, existing home sales have declined year-over-year for 15 consecutive quarters. But durable goods purchases tied to housing are still

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June sees uptick in new-home loan demand

Homebuilders, Housing markets, Mortgage Rates /

Homebuyers seemed to look past high mortgage rates in their efforts to purchase newly constructed homes last month, offering a bright note amid a broadly uneven housing market. Mortgage applications for new homes increased 8.5% year-over-year in June, according to the Mortgage Banker Association. Applications were down 4% from May, but the report noted that

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Delinquency risk leads to less credit for borrowers

Foreclosures, Housing markets, LOAN PRODUCTS, Originations /

Mortgage lenders tightened their offerings in June in what could be a sign of greater difficulty for borrowers looking to get into a new home.  New data from the Mortgage Bankers Association showed less credit on offer in June, the first decrease since late 2024. The trade group’s Mortgage Credit Availability Index, which tracks loan

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