Report Finds Most Consumer Managing Credit Well
Experian, Costa Mesa, Calif., said despite a challenging year and a half, consumers are managing credit well with average credit scores climbing seven points since 2020 to 695 – the highest point in more than 13 years.
HUD: Without New Housing Supply, Cost Burdens to Increase
HUD this week released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply, while cautioning that without “significant” news housing, cost burdens are likely to increase.
Initial Claims at New Pandemic Low
Initial claims for unemployment insurance continued to drop to near pre-pandemic lows, the Labor Department reported Thursday.
Fannie Mae: Consumers More Optimistic About Homebuying Conditions for First Time in 6 Months
The Fannie Mae Home Purchase Sentiment Index was largely unchanged in August, decreasing 0.1 points to 75.7, as survey respondents tempered both their recent pessimism about homebuying conditions and their upward expectations of home price growth.
Ida Losses at $16 – $24 Billion in Insured, Uninsured Flood Losses in Northeast
CoreLogic, Irvine, Calif., released additional loss estimates for Hurricane Ida, following its initial release estimating between $27 billion and $40 billion in insured and uninsured losses from wind, storm surge and inland flooding in Louisiana and Mississippi.
