Catching you up on housing and economic reports that came across the MBA NewsLink desk this week during and after the MBA National Secondary and Capital Markets Conference & Expo in New York:
Tag: Redfin
Redfin: Shrinking Pool of Buyers Snatch Up Homes at Record Pace
Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising mortgage rates, said Redfin, Seattle.
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
Typical Buyer’s Monthly Payment Up Nearly 40%
Redfin, Seattle, reported the typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record, as the average 30-year-fixed rate hovered at 5.1%.
Industry Briefs Apr. 28, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
Housing Market Roundup Apr. 26, 2022
Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:
Housing Market Roundup Apr. 21, 2022
Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
Record Share of Homebuyers Relocating
Redfin, Seattle, reported a record 32.3% of Redfin.com users nationwide looked to move to a different metro area in the first quarter, up from 31.5% a year earlier and up significantly from 26% in 2019, before the pandemic.