News
NEWS: 2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More
By Aly J. Yale November 15, 2019 The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to six mortgage, real estate, and housing professionals. Here’s what they…
Read MoreNEWS: Today’s Renters Face Sacrifice and Angst
By Phil Hall November 14, 2019 An increase in rents across the country has create a new level of anxiety and challenge for households that do not own their residence, according to new data report from Zillow. The new report, which was based on a survey of 13,000 households, noted that renters typically spend a larger…
Read MoreNEWS: Climate change could end mortgages as we know them
By Irina Ivanova November 8, 2019 Climate change could punch a hole through the financial system by making 30-year home mortgages — the lifeblood of the American housing market — effectively unobtainable in entire regions across parts of the U.S. That’s what the future could look like without policy to address climate change, according to…
Read MoreNEWS:Congress considers fix to QM Patch
By Kathleen Howley November 11, 2019 Congress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified Mortgages. The House Financial Services Committee is debating H.R. 2445 that gives originators the option of either relying on Appendix Q in the Qualified Mortgage…
Read MoreNEWS: Black Knight: Lower Interest Rates Boost Home Affordability to Three-Year High
October 08, 2019 MBA NewsLink Staff Black Knight, Jacksonville, Fla., said low interest rates reduced the national median income to make monthly principal and interest payments on the average-priced home in September to the most affordable level in three years. The company’s monthly Mortgage Monitor said as of the end of September, it now requires just…
Read MoreNEWS: FEMA may have to buy millions of homes due to climate crisis
October 9, 2019 National Mortgage News As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis of Federal Emergency Management Agency data. In the end,…
Read MoreNEWS: Redfin: People Who Bought Homes in 2012 Have Earned $203 Billion in Equity
September 27, 2019 MBA NewsLink Staff Redfin, Seattle, said people who bought a home at the bottom of the market in 2012 have earned a median $141,000, or 261%, in home equity since then. The report, based on a Redfin analysis of the home equity earned from 1.4 million homes purchased across 138 markets in…
Read MoreNEWS: Mortgage rates at 18%? That’s what we got the last time a president strong-armed the Fed
September 23, 2019 Kathleen Howley When the National Bureau of Economic Research speaks on a disputed economic issue, it’s a bit like squabbling siblings getting a ruling from a parent. NBER is widely accepted as the arbiter of economic cycles, setting the start and end dates of recessions and expansions. Now, NBER has weighed in on one…
Read MoreNEWS: Average U.S. rent climbs to $1,472 in August
September 16, 2019 Alcynna Lloyd America’s rental prices continued to grow in August, as RentCafé indicates the nation’s average rent increased $47 from the previous year. According to the company’s Apartment Market Report, the national average rent in August totaled $1,472. This is a 0.1% increase from the previous month, and also represents a 3.3% increase from the…
Read MoreNEWS: Autonomous cars on a crash course with the real estate industry
September 13, 2019 Michael Zaransky You stroll out of your house in the countryside, hop into the self-driving car you ordered and settle in with your coffee and your laptop, not worrying about the fact that it will take you an hour or more to get to work. Though it sounds futuristic, this scenario could…
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