Why home prices haven’t crashed even with high mortgage rates

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023.Weekly housing inventory dataWe wil
Read MoreWells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about discriminatory lending practices has settled with the company, according to reporting from Los Angeles-based radio
Read More2023 was the worst year for homebuyers on record

High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. Luckily, economists are projecting some improvements for next year, according to a Redfin analysis released on Thursday.For an American earning $78,642, the cou
Read MoreHUD: Housing has a role to play in combating the opioid epidemic

The U.S. Department of Housing and Urban Development (HUD) believes housing has a role to play in combating the opioid overdose epidemic.On Friday, HUD issued a joint letter co-written with the U.S. Department of Health and Human Services (HHS) and the White House Office of National Drug Control Pol
Read More
Categories
Recent Posts










